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 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.

Summary generated from the RSS feed of Middle East Eye. All article rights belong to the original publisher. Click through to read the full piece on www.middleeasteye.net.