Read our five priorities from a Free Trade Agreement between the UK and GCC countries.
Following the Department for International Trade (DIT) consultation on a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC), the CBI shared your insight on what should be delivered for UK businesses in the upcoming UK-GCC free trade negotiations.
Top five priorities for UK businesses
1) Protecting the strong UK-GCC relationship and create further business confidence
The UK and the GCC have strong trading relations – currently at over £30 billion/year, with the GCC as the third largest export destination of the United Kingdom. To help protect this relationship and boost business confidence, key market barriers should be removed, with regulatory harmonisation at a regional level to ensure the Gulf and British standards are safeguarded.
2) Enabling UK businesses to benefit from diversifying markets
This is an opportunity for UK renewables and green services providers, as markets become more open and require the right expertise to help diversify into alternative revenue streams. F
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