Gibraltar's Commerce Minister: Brexit won't bring uncertainty to economy
Wang Hui
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03:24

Gibraltar is a small place with an area of 6.5 square kilometers, but famous for its geographic location. The Strait of Gibraltar is in between the southern tip of Spain and the northwestern tip of Africa. It’s an important channel connecting the Mediterranean and the Atlantic. As Gibraltar was taken by the UK from Spain in 1704, the region's destiny has become controversial as Brexit looms.

Albert Isola, Gibraltar's commerce minister, is visiting China to get closer economic engagement with the country. He sat down with CGTN reporter Wang Hui to talk about Gibraltar's trade policies, its strength of providing financial services and the impact of Brexit on the region.

"We are with the UK, we stick with the UK, in good times or bad times. We would prefer the UK to stay with the EU. In the Brexit referendum, we voted 96 percent to stay with the EU, but the UK chose to leave. What we have done these past years is work with the UK to ensure that exit that the UK and we will have is the best possible," Isola said.

He also denied that Brexit will bring uncertainty to the region's economy.

"If you look at financial services, 92 percent of our business is with the UK, only 8 percent is with Europe and the rest of the world. So in terms of impact, I think it's perfectly it's manageable. We expect our relationship with the UK and our business with the UK to continue to grow,” Isola said.

He also affirmed that Gibraltar will not change policies for investors and will continue to welcome trade after Brexit, including opportunities in blockchain and other financial services.