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Economy Of Gibraltar
The economy of Gibraltar consists largely of the services sector. While part of the European Union until Brexit, the British overseas territory of Gibraltar has a separate legal jurisdiction from the United Kingdom and a different tax system. The role of the UK Ministry of Defence, which at one time was Gibraltar's main source of income, has declined, with today's economy mainly based on shipping, tourism, financial services, and the Internet (mostly gambling). As of 2020, Brexit represents a major uncertainty for the Gibraltar economy. Shipping Bunkering Gibraltar is one of the largest bunkering ports in the Mediterranean Sea, with 4.3 million tonnes of bunkers delivered in 2007. This has become the main activity within the Port of Gibraltar. Finance Until Brexit Gibraltar was a constituent part of the European Union as a Special Member State territory, having joined the European Economic Community with the United Kingdom in 1973, under the provisions of the Treaty of Rome ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gibraltar
) , anthem = " God Save the King" , song = " Gibraltar Anthem" , image_map = Gibraltar location in Europe.svg , map_alt = Location of Gibraltar in Europe , map_caption = United Kingdom shown in pale green , mapsize = , image_map2 = Gibraltar map-en-edit2.svg , map_alt2 = Map of Gibraltar , map_caption2 = Map of Gibraltar , mapsize2 = , subdivision_type = Sovereign state , subdivision_name = , established_title = British capture , established_date = 4 August 1704 , established_title2 = , established_date2 = 11 April 1713 , established_title3 = National Day , established_date3 = 10 September 1967 , established_title4 = Accession to EEC , established_date4 = 1 January 1973 , established_title5 = Withdrawal from the EU , established_date5 = 31 January 2020 , official_languages = English , languages_type = Spoken languages , languages = , capital = Westside, Gibraltar (de facto) , coordinates = , largest_settlement_type = largest district , l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Defence (United Kingdom)
The Ministry of Defence (MOD or MoD) is the department responsible for implementing the defence policy set by His Majesty's Government, and is the headquarters of the British Armed Forces. The MOD states that its principal objectives are to defend the United Kingdom of Great Britain and Northern Ireland and its interests and to strengthen international peace and stability. The MOD also manages day-to-day running of the armed forces, contingency planning and defence procurement. The expenditure, administration and policy of the MOD are scrutinised by the Defence Select Committee, except for Defence Intelligence which instead falls under the Intelligence and Security Committee of Parliament. History During the 1920s and 1930s, British civil servants and politicians, looking back at the performance of the state during the First World War, concluded that there was a need for greater co-ordination between the three services that made up the armed forces of the United Kingdom: t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gibraltar Financial Services Commission
) , anthem = "God Save the King" , song = "Gibraltar Anthem" , image_map = Gibraltar location in Europe.svg , map_alt = Location of Gibraltar in Europe , map_caption = United Kingdom shown in pale green , mapsize = , image_map2 = Gibraltar map-en-edit2.svg , map_alt2 = Map of Gibraltar , map_caption2 = Map of Gibraltar , mapsize2 = , subdivision_type = Sovereign state , subdivision_name = , established_title = British capture , established_date = 4 August 1704 , established_title2 = , established_date2 = 11 April 1713 , established_title3 = National Day , established_date3 = 10 September 1967 , established_title4 = Accession to EEC , established_date4 = 1 January 1973 , established_title5 = Withdrawal from the EU , established_date5 = 31 January 2020 , official_languages = English , languages_type = Spoken languages , languages = , capital = Westside, Gibraltar (de facto) , coordinates = , largest_settlement_type = largest district , large ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Institution
Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institutions: # Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; # Contractual institutions – insurance companies and pension funds # Investment institutions – investment banks, underwriters, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure: * Commercial banks * Cooperative banks Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies. A consequence of this might ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Added Tax
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays to the government VAT on its products or services, it can reclaim the tax paid. It is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities. Not all localities require VAT to be charged, and exports are often exempt. VAT is usually implemented as a destination-based tax, where the tax rate is based on the location of the consumer and applied to the sales price. The terms VAT, GST, and the more general consumption tax are sometimes used interchangeably. VAT raises about a fifth of total tax revenues bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Agricultural Policy
The Common Agricultural Policy (CAP) is the agricultural policy of the European Union. It implements a system of agricultural subsidies and other programmes. It was introduced in 1962 and has since then undergone several changes to reduce the EEC budget cost (from 73% in 1985 to 37% in 2017) and consider rural development in its aims. It has, however, been criticised on the grounds of its cost and its environmental and humanitarian effects. Overview The CAP is often explained as the result of a political compromise between France and Germany: German industry would have access to the French market; in exchange, Germany would help pay for France's farmers. The CAP has always been a difficult area of EU policy to reform; it is a problem that began in the 1960s and one that has continued to the present, albeit less severely. Changes to the CAP are proposed by the European Commission, after a public consultation, which then sends its proposals to the Council and to the European Pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common External Tariff
A common external tariff (CET) must be introduced when a group of countries forms a customs union. The same customs duties, import quotas, preferences or other non-tariff barriers to trade apply to all goods entering the area, regardless of which country within the area they are entering. It is designed to end re-exportation; but it may also inhibit imports from countries outside the customs union and thereby diminish consumer choice and support protectionism of industries based within the customs union. The common external tariff is a mild form of economic union but may lead to further types of economic integration. In addition to having the same customs duties, the countries may have other common trade policies, such as having the same quotas, preferences or other non-tariff trade regulations apply to all goods entering the area, regardless of which country, within the area, they are entering. The main goal of the Custom Unions is to limit external influence, liberalize intra-reg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty Of Rome
The Treaty of Rome, or EEC Treaty (officially the Treaty establishing the European Economic Community), brought about the creation of the European Economic Community (EEC), the best known of the European Communities (EC). The treaty was signed on 25 March 1957 by Belgium, France, Italy, Luxembourg, the Netherlands and West Germany, and it came into force on 1 January 1958. Originally the "Treaty establishing the European Economic Community", and now continuing under the name "Treaty on the Functioning of the European Union", it remains one of the two most important treaties in what is now the European Union (EU). The treaty proposed the progressive reduction of customs duties and the establishment of a customs union. It proposed to create a single market for goods, labour, services, and capital across member states. It also proposed the creation of a Common Agriculture Policy, a Common Transport Policy and a European Social Fund and established the European Commission. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Economic Community
The European Economic Community (EEC) was a regional organization created by the Treaty of Rome of 1957,Today the largely rewritten treaty continues in force as the ''Treaty on the functioning of the European Union'', as renamed by the Lisbon Treaty. aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the first pillar of the newly formed European Union in 1993. In the popular language, however, the singular ''European Community'' was sometimes inaccuratelly used in the wider sense of the plural '' European Communities'', in spite of the latter designation covering all the three constituent entities of the first pillar. In 2009, the EC formally ceased to exist and its institutions were directly absorbed by the EU. This made the Union the formal successor institution of the Community. The Community's initial aim was to bring about economic integration, including a common market an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Member State Territories And The European Union
The special territories of members of the European Economic Area (EEA) are the 32 special territories of EU member states and EFTA member states which, for historical, geographical, or political reasons, enjoy special status within or outside the European Union and the European Free Trade Association. (Switzerland, a member of EFTA but not of the EEA, does not have any special territories). The special territories of EU member states are categorised under three headings: nine Outermost Regions (OMR) that form part of the European Union, though they benefit from derogations from some EU laws due to their geographical remoteness from mainland Europe; thirteen Overseas Countries and Territories (OCT) that do not form part of the European Union, though they cooperate with the EU via the Overseas Countries and Territories Association; and ten special cases that form part of the European Union (with the exception of the Faroe Islands), though EU laws make ''ad hoc'' provisions. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bunkering
Bunkering is the supplying of fuel for use by ships (such fuel is referred to as bunker), including the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fuel) is called a bunker trader. The term bunkering originated in the days of steamships, when coal was stored in bunkers. Nowadays, the term bunker is generally applied to the petroleum products stored in tanks, and bunkering to the practice and business of refueling ships. Bunkering operations take place at seaports and include the storage and provision of the bunker (ship fuels) to vessels. Singapore is currently the largest bunkering port in the world. Bunkering in maritime law In many maritime contracts, such as charterparties, contracts for carriage of goods by sea, and marine insurance policies, the ship-owner or ship operator is required to ensure that the ship is seaworthy. Seaworthiness requires not only that the ship be sound and properly crew ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internet
The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, public, academic, business, and government networks of local to global scope, linked by a broad array of electronic, wireless, and optical networking technologies. The Internet carries a vast range of information resources and services, such as the inter-linked hypertext documents and applications of the World Wide Web (WWW), electronic mail, telephony, and file sharing. The origins of the Internet date back to the development of packet switching and research commissioned by the United States Department of Defense in the 1960s to enable time-sharing of computers. The primary precursor network, the ARPANET, initially served as a backbone for interconnection of regional academic and military networks in the 1970s to enable resource shari ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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