UK signs trade agreement with Gulf states

UK signs trade agreement with Gulf states The UK has reached a trade agreement with the six Gulf Cooperation Council states, becoming the first Group of Seven country to secure such a deal with the bloc. The agreement includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE, and is expected to bring relatively limited economic gains for the UK. “At a time of increased instability, today’s announcement sends a clear signal of confidence,” UK Business and Trade Secretary Peter Kyle said. Under the agreement, 580 million pounds ($778m) worth of tariffs on UK exports to Gulf countries will be removed, including on food, medical equipment and advanced manufacturing goods.

Original source: Middle East Eye