UK, GCC Near Free Trade Deal: Bryant Heads to Kuwait
British Trade Minister Chris Bryant is set to travel to Kuwait, aiming to finalize a significant free trade agreement between the UK and the Gulf Cooperation Council (GCC) countries. This deal, expected to boost trade and investment across key sectors, is nearing completion after years of negotiations.
Bryant's visit comes as the UK and GCC enter the final phase of talks. Finance Minister Rachel Reeves recently expressed confidence in a swift conclusion, following productive meetings in Riyadh. The UK has submitted a new offer, indicating progress towards a deal that has been pursued since leaving the EU in 2020. Bryant expects only a few small issues to be resolved before the agreement is finalized.
The UK-GCC trade deal is anticipated to strengthen economic ties, particularly in sectors like energy, technology, finance, and education. However, the official signing date remains unconfirmed, as no public information is available yet.
With Bryant's visit to Kuwait, the UK-GCC free trade agreement inches closer to completion. Both sides aim to finalize the deal soon, with Reeves hoping for a swift conclusion following productive talks. The agreement is expected to enhance trade and investment flows, benefiting both parties.
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