Britain and Gulf countries negotiating free-trade agreement

Unloading cargo-Trade/Pixabay

The Investing reported according to Reuters, Britain’s investment minister, Gerry Grimstone, said on Monday that Britain and Gulf Cooperation Council (GCC) countries are negotiating a free-trade agreement.

Gulf Cooperation Council/Pixabay
Gulf Cooperation Council/Pixabay

According to the report, Grimstone said at a conference in Dubai that a deal will be concluded within 12 months.

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A British government website showed that the GCC is already an important trading partner for Britain, with almost 22 billion pounds ($29.57 billion) of British exports and bilateral trade worth over 30 billion pounds in 2020.

Source: investing