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Tribune news network
doha
UK Trade Secretary Anne-Marie Trevelyan and the Gulf Cooperation Council (GCC), made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, are set to launch a free trade deal in Riyadh on Wednesday.
The UK is also the GCC’s third largest export market, so a trade deal is set to benefit exporters from the UK and across the GCC.
The Trade Secretary will meet GCC Secretary General Nayef Falah M al Hajraf to launch talks covering £33.1 billion of trade, British Embassy said in a statement.
The launch of these negotiations marks a key moment in the strengthening of the UKs relationships with the GCC and see significant and wide ranging benefits to citizens of all seven nations involved. In the UK, for example, the talks are expected to culminate in a trade deal worth £1.6 billion more a year to the UK economy.
Trevelyan said: “Today marks the next significant milestone in our 5-star year of trade as we step up the UK’s close relationship with the Gulf.
“Our current trading relationship was worth £33.1 billion in the last year alone. From our fantastic British food and drink to our outstanding financial services, I’m excited to open up new markets for UK businesses large and small, and supporting the more than 10,000 SMEs already exporting to the region.
“This trade deal has the potential to support jobs from Dover to Doha, growing our economy at home, building vital green industries and supplying innovative services to the Gulf.”
A UK-GCC deal will mean significant benefits for British food and drink producers, who exported £625 million to GCC countries last year.
With almost £30 billion already invested in each other’s economies, this deal will also help unlock even more opportunities for investment between the UK and GCC countries.
UK technology, cyber, life sciences, creative industries, education, AI, financial services, and renewable energy businesses, whether based in the UK or in the Gulf will play a role in supporting GCC countries as they diversify their economies and deliver their Vision Strategies.
British Ambassador to the State of Qatar, HE Jon Wilks CMG added: “The launch of the negotiations is a great opportunity for UK-GCC and UK-Qatar to boost prosperity, business and jobs for all sides. We look forward to rapid progress towards a deep and thorough deal.
“The UK and Qatar are already strong trading partners with total trade in goods and services between our two countries totalling £4.8 billion in the four quarters to the end of 2021.
doha
UK Trade Secretary Anne-Marie Trevelyan and the Gulf Cooperation Council (GCC), made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, are set to launch a free trade deal in Riyadh on Wednesday.
The UK is also the GCC’s third largest export market, so a trade deal is set to benefit exporters from the UK and across the GCC.
The Trade Secretary will meet GCC Secretary General Nayef Falah M al Hajraf to launch talks covering £33.1 billion of trade, British Embassy said in a statement.
The launch of these negotiations marks a key moment in the strengthening of the UKs relationships with the GCC and see significant and wide ranging benefits to citizens of all seven nations involved. In the UK, for example, the talks are expected to culminate in a trade deal worth £1.6 billion more a year to the UK economy.
Trevelyan said: “Today marks the next significant milestone in our 5-star year of trade as we step up the UK’s close relationship with the Gulf.
“Our current trading relationship was worth £33.1 billion in the last year alone. From our fantastic British food and drink to our outstanding financial services, I’m excited to open up new markets for UK businesses large and small, and supporting the more than 10,000 SMEs already exporting to the region.
“This trade deal has the potential to support jobs from Dover to Doha, growing our economy at home, building vital green industries and supplying innovative services to the Gulf.”
A UK-GCC deal will mean significant benefits for British food and drink producers, who exported £625 million to GCC countries last year.
With almost £30 billion already invested in each other’s economies, this deal will also help unlock even more opportunities for investment between the UK and GCC countries.
UK technology, cyber, life sciences, creative industries, education, AI, financial services, and renewable energy businesses, whether based in the UK or in the Gulf will play a role in supporting GCC countries as they diversify their economies and deliver their Vision Strategies.
British Ambassador to the State of Qatar, HE Jon Wilks CMG added: “The launch of the negotiations is a great opportunity for UK-GCC and UK-Qatar to boost prosperity, business and jobs for all sides. We look forward to rapid progress towards a deep and thorough deal.
“The UK and Qatar are already strong trading partners with total trade in goods and services between our two countries totalling £4.8 billion in the four quarters to the end of 2021.
