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Britain and Gulf countries negotiating free-trade agreement
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/PixabayAccording 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
