Although it is part of the EU, Gibraltar is outside the customs union and VAT area and is exempted from the Common Agricultural Policy; it does not form part of the Schengen Area.[78] As a separate jurisdiction to the UK, Gibraltar's government and parliament are responsible for the transposition of EU law into local law.
Essentially all that was granted to Spain was the right to object to giving Gibraltar something it did not already have as a member of the EU. If Gib were to become part of a new UK/EU trading deal, then it would have a significant advantage over where it stands today.
This BS about Joint sovereignty is just that. BS. It is the wet dream of the Spanish government and is not enshrined in the deal.
So I'd love it if the shouters would tone it down a bit.
This is where pragmatism hits sensationalism. We need a pragmatic exit and May is being pragmatic. As she says, nothing will change and it is true, nothing will change for Gibraltar except for the fact that they won't be in the EU any more. They will still be a British overseas territory, they will still govern under Westminster's rule and Spain will remain without One Single Word of representation in the day to day governing of Gibraltar.
Anyway, May could be betting on the fact that Parliament reject the deal and the EU have to go and change stuff. Either way nothing will change. This is all hot air and grandstanding by the Spanish.
