News

Britain, Gulf Countries Negotiating Free-Trade Agreement – British Investment Minister

Gerry Grimstone

Britain and Gulf Cooperation Council (GCC) countries are negotiating a free-trade agreement, Britain’s investment minister, Gerry Grimstone, said on Monday.

A deal will be concluded within 12 months, Grimstone said at a conference in Dubai.

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, showed a British government website.

($1 = 0.7440 pounds)

(Reporting by Davide Barbuscia and Saeed Azhar; Editing by Christopher Cushing)

Davide Barbuscia
Related News
Related sized article featured image

Tesla, like other automakers, has been hit by supply chain problems.

Maria Ponnezhath
Related sized article featured image

Kate Abnett