Press Releases

05/15/2007

Chamber applauds clampdown on unlicensed merchant ships

For immediate release

15^th May 2007

The Chamber of Commerce is pleased to hear that unlicensed vessels attempting to supply merchant ships in Gibraltar waters have recently been turned back by the Gibraltar Port Authority.

The Chamber supports free trade but it must be even-handed. It would like to see local laws adhered to whereby foreign companies wishing to trade on a regular basis in Gibraltar should be registered here and pay taxes accordingly in the same way as Gibraltar companies would be expected to do so in Spain or elsewhere.

Commenting on this latest development, Nicholas Russo the Chamber’s President said, “Gibraltar companies have higher operating costs than those in Spain. We would urge the Gibraltar customs authorities at the land frontier to enforce the same criteria used by the Gibraltar Port Authority when allowing entry to non-local traders seeking to supply goods into Gibraltar.

Gibraltar-registered businesses which been established for many years have made substantial investments and contributions to the local economy. We welcome foreign companies who want to come and sell their goods in Gibraltar, but not at the expense of hollowing out Gibraltar’s economy. They should make their contribution and pay their way.”

ENDS

For further information please contact the Chamber on 78376.

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