Decent progress was made and the fifth round of negotiations is expected to be hosted by the GCC later this year.
The GCC region is the UK’s seventh-largest export market, with total trade valued at £61.3 billion ($78.29 billion).
Gulf Cooperation Council-UK trade is expected to jump by 16 per cent with the signing of an FTA, the British government recently said.
The fourth round of FTA negotiations took place late last month in London.
“An FTA will be a substantial economic opportunity and a significant moment in the UK-GCC relationship,” an official release said.
“An FTA will be a substantial economic opportunity and a significant moment in the UK-GCC relationship,” a UK government press release said.
Fibre2Fashion News Desk (DS)
