Gcc Trade Pact

UK and GCC Seal Historic Free Trade Deal Worth 3.7 Billion Pounds a Year

The United Kingdom has finalised a landmark free trade agreement with the six nations of the Gulf Cooperation Council, becoming the first G7 economy to secure such a deal. The pact is projected to add 3.7 billion pounds annually to the British economy and eliminates import duties on a wide range of British goods entering Gulf markets.