Data News > GCC in Talks with UK to Sign Free Trade Agreement by End of 2024
GCC in Talks with UK to Sign Free Trade Agreement by End of 2024
By KlickAnalytics Data Insights | July 11, 2024 09:02AM ET
- Gulf Cooperation Council (GCC) negotiating a free trade agreement (FTA) with the UK
- Meeting held between bloc’s Secretary-General and UK Trade Minister in London
- Signing seen as enhancing cooperation under strategic partnership
The Gulf Cooperation Council (GCC) is currently in negotiations with the UK regarding a potential free trade agreement (FTA) that could be signed by the end of 2024. In a recent meeting between the bloc’s Secretary-General Jasem Albudaiwi and UK Trade Minister Jonathan Reynolds in London on 10 July, discussions focused on strengthening economic ties.
Albudaiwi expressed optimism about the new British government's keen interest in concluding negotiation rounds promptly. The prospective signing of the FTA is expected to further enhance cooperation between the GCC and the UK as part of their strategic partnership. Previous discussions have covered a range of mutual interests, with a particular emphasis on advancing trade relations between the two entities.
This update highlights the ongoing efforts to solidify economic ties between the GCC and the UK, with the negotiation of a free trade agreement representing a significant step towards strengthening cooperation and fostering mutual growth in the region.
- Meeting held between bloc’s Secretary-General and UK Trade Minister in London
- Signing seen as enhancing cooperation under strategic partnership
The Gulf Cooperation Council (GCC) is currently in negotiations with the UK regarding a potential free trade agreement (FTA) that could be signed by the end of 2024. In a recent meeting between the bloc’s Secretary-General Jasem Albudaiwi and UK Trade Minister Jonathan Reynolds in London on 10 July, discussions focused on strengthening economic ties.
Albudaiwi expressed optimism about the new British government's keen interest in concluding negotiation rounds promptly. The prospective signing of the FTA is expected to further enhance cooperation between the GCC and the UK as part of their strategic partnership. Previous discussions have covered a range of mutual interests, with a particular emphasis on advancing trade relations between the two entities.
This update highlights the ongoing efforts to solidify economic ties between the GCC and the UK, with the negotiation of a free trade agreement representing a significant step towards strengthening cooperation and fostering mutual growth in the region.
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