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Under the Brussels Agreement signed between the governments of the United Kingdom and Spain, the former agrees to enter into discussions with Spain over Gibraltar, including sovereignty.

Brussels Agreement (1984)

1984 trealty between Britain and Spain on the status of Gibraltar

The Brussels Agreement, 1984, was an agreement between the governments of the United Kingdom and of Spain concerning the territorial dispute over Gibraltar. The agreement was criticised by Gibraltar politicians for limiting the participation of Gibraltarians in their…
Source: Wikipedia (CC BY-SA)

Gibraltar

British Overseas Territory in Europe

Gibraltar is a British Overseas Territory and city located at the southern tip of the Iberian Peninsula, on the Bay of Gibraltar, near the exit of the Mediterranean Sea into the Atlantic Ocean. It has an area of 6.8 km2 (2.6 sq mi) and is bordered to the north by Spain. The…
Source: Wikipedia (CC BY-SA)