UK signs trade agreement with Gulf states
UK signs trade agreement with Gulf states The UK has reached a trade agreement with the six Gulf Cooperation Council states, becoming the first Group of Seven country to secure such a deal with the bl
ManyPress Editorial Team
ManyPress Editorial
UK signs trade agreement with Gulf states The UK has reached a trade agreement with the six Gulf Cooperation Council states, becoming the first Group of Seven country to secure such a deal with the bloc. The agreement includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, and is expected to bring relatively limited economic gains for the UK. “At a time of increased instability, today’s announcement sends a clear signal of confidence,” UK Business and Trade Secretary Peter Kyle said.
Under the agreement, $778m worth of tariffs on UK exports to Gulf countries will be removed, including on food, medical equipment, and advanced manufacturing goods.
Key points
- Under the agreement, $778m worth of tariffs on UK exports to Gulf countries will be removed, including on food, medical equipment, and advanced manufacturing goods.
This article was independently rewritten by ManyPress editorial AI from reporting originally published by Middle East Eye.
