Have your say on what the UK should be delivering for business in the upcoming UK-GCC free trade negotiations
The importance of Free Trade Agreements
As the UK forges its new place in the world, business has the opportunity to shape the international business environment by informing the UK policy agenda.
The UK government’s ambition is to secure free trade agreements (FTAs) with countries covering 80% of UK trade by the end of 2022. The Department for International Trade (DIT) aims to secure an ambitious programme of FTAs to benefit the whole of the UK and support businesses of all sizes across different sectors of the economy.
FTAs promote trade and investment and help secure access for UK exporters to the markets. They can also lead to increased output and productivity, which boost living standards, and offers consumers lower prices and more choice. Ultimately, helping make the UK have a more competitive, dynamic and future-focused economy.
The benefits of a new FTA between the UK and Gulf region
Trade between the UK and GCC is currently worth £30 billion/year: a new trade deal would settle our relations to Gulf countries, and offer great opportunities for digital trade, services and green growth – similar industrie
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