UK-GCC trade expected to rise by 16% if FTA signed: UK govt

Decent progress was made and the fifth round of negotiations is expected to be hosted by the GCC later this year.

The GCC region is the UK’s seventh-largest export market, with total trade valued at £61.3 billion ($78.29 billion).    

“An FTA will be a substantial economic opportunity and a significant moment in the UK-GCC relationship,” a UK government press release said.

ALCHEMPro News Desk (DS)