During this latest round, substantial progress was made on the draft treaty text, covering the majority of chapters. The negotiations spanned over 30 sessions, addressing 21 policy areas, indicating both parties' dedication to forging an ambitious, comprehensive, and modern agreement suitable for the 21st century. This commitment underscores the mutual interest in facilitating a robust economic partnership, the UK government said in a press release.
The talks reflect a promising advancement in the UK-GCC relationship, with both sides expressing a steadfast commitment to concluding a deal that promises significant economic benefits. The potential agreement comes at a crucial time, with total trade between the UK and GCC valued at £59 billion.
The UK government has emphasised its resolve to ensure that any forthcoming agreement will align with the best interests of the British people and the UK economy. Authorities have assured that the UK's high environmental standards will remain uncompromised, alongside maintaining the right to regulate in the public interest. As anticipation grows, the next round of negotiations is expected to be scheduled shortly.
ALCHEMPro News Desk (DP)
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