Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe UK has finalised a free trade agreement with the Gulf Cooperation Council (GCC), making it the first G7 nation to secure such a deal after four years of negotiations. The agreement, involving Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is projected to boost the UK economy by £3.7 billion annually and increase domestic wages by £1.9 billion. Tariffs will be removed on key UK exports, including food, medical equipment, and advanced manufacturing, with an estimated £580 million in duties to be eliminated annually once fully implemented. The deal includes commitments on the free flow of data and anti-corruption measures, though it does not contain a specific human rights clause. The government has hailed the deal as a significant win for British businesses, aiming to increase current bilateral trade of £53 billion by 20 per cent and support high-quality jobs. In fullUK announces trade deal with six Gulf states worth £3.7bn a yearThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Britain secures multi-billion pound trade deal with six Gulf states
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe UK has finalised a free trade agreement with the Gulf Cooperation Council (GCC), making it the first G7 nation to secure such a deal after four years of negotiations. The agreement, involving Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is projected to boost the UK economy by £3.7 billion annually and increase domestic wages by £1.9 billion. Tariffs will be removed on key UK exports, including food, medical equipment, and advanced manufacturing, with an estimated £580 million in duties to be eliminated annually once fully implemented. The deal includes commitments on the free flow of data and anti-corruption measures, though it does not contain a specific human rights clause. The government has hailed the deal as a significant win for British businesses, aiming to increase current bilateral trade of £53 billion by 20 per cent and support high-quality jobs. In fullUK announces trade deal with six Gulf states worth £3.7bn a yearThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
