A series of agreements were entered into on 19 April 2000 to unblock several issues relating to EU Business affecting Gibraltar. One agreement related to the establishment of a formal framework relating to police co-operation. another resulted in the recognition of Gibraltar’s identity cards as valid travel documents within the EU.
But by far the most far reaching and important agreement related to the establishment of arrangements to secure recognition by other EU Member States for the acts and decisions of Gibraltar’s own competent authorities.
This agreement removes the last remaining obstacle to the passporting of financial services by Gibraltar financial institutions throughout the EU, which had been held up by some Member States’ refusal to accept direct ratification from Gibraltar’s Financial Services Commission and other competent authorities.
