Azərbaycanca  AzərbaycancaDeutsch  DeutschEnglish  EnglishFrançais  FrançaisРусский  Русскийภาษาไทย  ภาษาไทยTürkçe  TürkçeУкраїнська  Українська
Support
www.global-en2.nina.az
  • Home
  • Wikipedia

The Gulf Cooperation Council United Kingdom free trade agreement GCCUKFTA is a proposed free trade agreement which began

Gulf Cooperation Council–United Kingdom Free Trade Agreement

  • HomePage
  • Wikipedia
  • Gulf Cooperation Council–United Kingdom Free Trade Agreement

The Gulf Cooperation Council–United Kingdom free trade agreement (GCCUKFTA) is a proposed free trade agreement which began negotiations in June 2022. When completed it will be the first free trade agreement between the United Kingdom and the Gulf Cooperation Council, or any of its member states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Gulf Cooperation Council–United Kingdom Free Trade Agreement
image
  Gulf Cooperation Council
  United Kingdom
TypeFree trade agreement
ContextTrade agreement between Gulf Cooperation Council and the United Kingdom
Negotiators
  • image Abdulla bin Adel Fakhro
  • image Mohammad Othman Al-Eyban
  • image Qais Mohammed Al Yousef
  • image Mohammed bin Hamad bin Qassim Al Abdullah Al Thani
  • image Majid bin Abdullah Al Qasabi
  • image Sultan Al Jaber
  • image Anne-Marie Trevelyan
    until 6 September 2022

    image Kemi Badenoch
    from 6 September 2022 until 5 July 2024

    image Jonathan Reynolds
    from 5 July 2024
Parties
  • image Bahrain
  • image Kuwait
  • image Oman
  • image Qatar
  • image Saudi Arabia
  • image United Arab Emirates
  • image United Kingdom
Languages
  • Arabic
  • English

Background

Following the 2016 Brexit referendum, in which the UK voted to leave the European Union, the Gulf states began pressing the UK Government for a post-Brexit Trade agreement.

British trade with the GCC was worth about 45 billion pounds ($61 billion) in 2019, 7% of the size of Britain's commerce with the European Union in 2019. Talks for a trade deal intensified in late 2021, just after the Premier League approved Saudi Arabia's sovereign wealth fund's takeover of Newcastle United from billionaire Mike Ashley

Minister of Industry, Commerce and Tourism for Bahrain, Zayed Al Zayani hoped that the two sides could complete negotiations by the "end of this year or the middle of next year," in January 2022.

In June 2021, International trade secretary Anne-Marie Trevelyan stated that the agreement would target a £1.6bn annual boost to the UK economy, and that the agreement would be a comprehensive FTA that will cover manufactured goods and agricultural produce to financial and digital services.

In 2023, the UK signed a Memorandum of understanding with the United Arab Emirates in regards to financial services.

Negotiations

GCCUKFTA Round of Negotiations
Round Dates Location Ref.
1 22 August–29 September 2022 Virtual meeting
2 5–9 December 2022 London
3 12–16 March 2023 Riyadh
4 17–28 July 2023 London
5 5–16 November 2023 Riyadh
6 29 January–9 February 2024 London

The UK Government confirmed that the first round of negotiations had been conducted from 22 August and 29 September 2022.

On 4 July 2023, Bahrain announced plans to invest £1 billion in the UK as a preliminary move to strengthen ties related to financial services as part of the potential new trade deal.

Following difficulties in securing the India–United Kingdom Free Trade Agreement, some British trade officials are increasingly pessimistic about the India deal and view a free trade agreement with the Gulf Cooperation Council as a more realistic deal which can be struck prior to the next election.

On 14 May 2024, Saudi Arabia and the United Kingdom hosted a joint investment summit with more than 450 British business attendees, including representatives from HSBC and British Airways. On December 18 2024, Douglas Alexander updated the House of Commons on the negotiations. On March 20 25, Keir Starmer discussed the trade deal, in a phone call with Mohammed bin Salman. On April 26 2025 David Lammy visited Oman and Qatar to discuss progress with the negotiations.

Controversy

Chair of the All-Party Parliamentary Group on Democracy and Human Rights in the Gulf, Brendan O'Hara MP criticized the absence of human rights talks. Trade talks avoided discussions of events such as the murder of critical Saudi journalist Jamal Khashoggi, and the UAE's detention of British academic Matthew Hedges for alleged spying.

See also

  • imageBahrain portal
  • imageKuwait portal
  • imageOman portal
  • imageSaudi Arabia portal
  • imageUnited Arab Emirates portal
  • imageUnited Kingdom portal
  • imagePolitics portal
  • Free trade agreements of the United Kingdom
  • Foreign relations of Bahrain
  • Foreign relations of Kuwait
  • Foreign relations of Oman
  • Foreign relations of Qatar
  • Foreign relations of the United Arab Emirates
  • Foreign relations of the United Kingdom
  • Foreign relations of Saudi Arabia
  • Bahrain–United Kingdom relations
  • Oman–United Kingdom relations
  • Qatar–United Kingdom relations
  • Saudi Arabia–United Kingdom relations
  • United Arab Emirates–United Kingdom relations

References

  1. Smout, Alistair (22 June 2023). "Britain launches free trade talks with Gulf countries". Reuters. Archived from the original on 22 June 2022. Retrieved 29 December 2023.
  2. Finn, Tom (26 March 2017). "Gulf Arab states push for UK free trade deal after Brexit - officials". Reuters. Archived from the original on 14 May 2024. Retrieved 29 December 2023.
  3. Mayes, Joe (7 October 2021). "U.K. Starts Trade Deal Process With Saudi Arabia, Gulf". Bloomberg. Archived from the original on 14 May 2024. Retrieved 29 December 2023.
  4. Cranny, Manus; Martin, Matthew; Gamal El-Din, Yousef (27 January 2022). "UK, Gulf May Sign Post-Brexit Trade Deal This Year, Bahrain Says". Bloomberg. Archived from the original on 27 January 2022. Retrieved 29 December 2023.
  5. Kerr, Simeone (21 June 2022). "UK seeks Gulf trade boost as talks start to secure deal". Financial Times. Archived from the original on 22 June 2022. Retrieved 29 December 2023.
  6. Carey, Paul. "Starmer hails 'good progress' on trade deal with GCC". The National. Retrieved 10 April 2025.
  7. "Gulf Cooperation Council trade negotiations update". GOV.UK. 12 October 2022. Archived from the original on 12 October 2022. Retrieved 29 December 2023.
  8. "UK - Gulf Cooperation Council trade negotiations update: December 2022". GOV.UK. 20 December 2022. Archived from the original on 20 December 2022. Retrieved 21 April 2024.
  9. "Trade Update: UK-Gulf Cooperation Council FTA". GOV.UK. 22 March 2023. Archived from the original on 22 March 2023. Retrieved 21 April 2024.
  10. "Trade Update: UK-Gulf Cooperation Council FTA". GOV.UK. 1 August 2023. Archived from the original on 1 August 2023. Retrieved 21 April 2024.
  11. "Trade Update: UK-Gulf Cooperation Council FTA". GOV.UK. 22 November 2023. Archived from the original on 22 November 2023. Retrieved 21 April 2024.
  12. "Trade Update: UK-Gulf Cooperation Council FTA negotiations". GOV.UK. 19 February 2024. Archived from the original on 19 February 2024. Retrieved 21 April 2024.
  13. Nair, Adveith; Rees, Tom (4 July 2023). "Bahrain Set to Invest £1 Billion in UK After Crown Prince Visits". Bloomberg. Archived from the original on 20 March 2024. Retrieved 14 May 2024.
  14. Courea, Eleni (5 March 2024). "UK negotiators fly to India in last-ditch effort to seal free-trade deal". The Guardian. Archived from the original on 5 March 2024. Retrieved 5 March 2024.
  15. Mayes, Joe (14 May 2024). "UK Seeks Stronger Saudi Ties With 450-Strong Business Delegation". Bloomberg. Archived from the original on 14 May 2024. Retrieved 14 May 2024.
  16. "UK seeks closer Saudi ties with 450-strong delegation". The Business Times. 14 May 2024. Archived from the original on 14 May 2024. Retrieved 14 May 2024.
  17. "Free Trade Agreement with the Gulf Cooperation Council (GCC): Update on Continuous Negotiations". TheyWorkForYou. Retrieved 9 February 2025.
  18. "HRH the Crown Prince Receives Phone Call from British Prime Minister". spa.gov.sa. Retrieved 1 May 2025.
  19. "UK Gulf visit to enhance regional security and boost UK growth". GOV.UK. Retrieved 1 May 2025.
  20. Dudley, Dominic (14 October 2022). "UK Starts Free Trade Talks With Gulf States, But Human Rights Seem Off The Menu". Forbes. Archived from the original on 14 October 2022. Retrieved 22 November 2023.

External links

Author: www.NiNa.Az

Publication date: May 03, 2025 / 07:25

wikipedia, wiki, book, books, library, article, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games, mobile, phone, android, ios, apple, mobile phone, samsung, iphone, xiomi, xiaomi, redmi, honor, oppo, nokia, sonya, mi, pc, web, computer

The Gulf Cooperation Council United Kingdom free trade agreement GCCUKFTA is a proposed free trade agreement which began negotiations in June 2022 When completed it will be the first free trade agreement between the United Kingdom and the Gulf Cooperation Council or any of its member states Bahrain Kuwait Oman Qatar Saudi Arabia and the United Arab Emirates Gulf Cooperation Council United Kingdom Free Trade Agreement Gulf Cooperation Council United KingdomTypeFree trade agreementContextTrade agreement between Gulf Cooperation Council and the United KingdomNegotiatorsAbdulla bin Adel Fakhro Mohammad Othman Al Eyban Qais Mohammed Al Yousef Mohammed bin Hamad bin Qassim Al Abdullah Al Thani Majid bin Abdullah Al Qasabi Sultan Al Jaber Anne Marie Trevelyanuntil 6 September 2022 Kemi Badenochfrom 6 September 2022 until 5 July 2024 Jonathan Reynoldsfrom 5 July 2024PartiesBahrain Kuwait Oman Qatar Saudi Arabia United Arab Emirates United KingdomLanguagesArabicEnglishBackgroundFollowing the 2016 Brexit referendum in which the UK voted to leave the European Union the Gulf states began pressing the UK Government for a post Brexit Trade agreement British trade with the GCC was worth about 45 billion pounds 61 billion in 2019 7 of the size of Britain s commerce with the European Union in 2019 Talks for a trade deal intensified in late 2021 just after the Premier League approved Saudi Arabia s sovereign wealth fund s takeover of Newcastle United from billionaire Mike Ashley Minister of Industry Commerce and Tourism for Bahrain Zayed Al Zayani hoped that the two sides could complete negotiations by the end of this year or the middle of next year in January 2022 In June 2021 International trade secretary Anne Marie Trevelyan stated that the agreement would target a 1 6bn annual boost to the UK economy and that the agreement would be a comprehensive FTA that will cover manufactured goods and agricultural produce to financial and digital services In 2023 the UK signed a Memorandum of understanding with the United Arab Emirates in regards to financial services NegotiationsGCCUKFTA Round of Negotiations Round Dates Location Ref 1 22 August 29 September 2022 Virtual meeting 2 5 9 December 2022 London 3 12 16 March 2023 Riyadh 4 17 28 July 2023 London 5 5 16 November 2023 Riyadh 6 29 January 9 February 2024 London The UK Government confirmed that the first round of negotiations had been conducted from 22 August and 29 September 2022 On 4 July 2023 Bahrain announced plans to invest 1 billion in the UK as a preliminary move to strengthen ties related to financial services as part of the potential new trade deal Following difficulties in securing the India United Kingdom Free Trade Agreement some British trade officials are increasingly pessimistic about the India deal and view a free trade agreement with the Gulf Cooperation Council as a more realistic deal which can be struck prior to the next election On 14 May 2024 Saudi Arabia and the United Kingdom hosted a joint investment summit with more than 450 British business attendees including representatives from HSBC and British Airways On December 18 2024 Douglas Alexander updated the House of Commons on the negotiations On March 20 25 Keir Starmer discussed the trade deal in a phone call with Mohammed bin Salman On April 26 2025 David Lammy visited Oman and Qatar to discuss progress with the negotiations ControversyChair of the All Party Parliamentary Group on Democracy and Human Rights in the Gulf Brendan O Hara MP criticized the absence of human rights talks Trade talks avoided discussions of events such as the murder of critical Saudi journalist Jamal Khashoggi and the UAE s detention of British academic Matthew Hedges for alleged spying See alsoBahrain portalKuwait portalOman portalSaudi Arabia portalUnited Arab Emirates portalUnited Kingdom portalPolitics portal Free trade agreements of the United Kingdom Foreign relations of Bahrain Foreign relations of Kuwait Foreign relations of Oman Foreign relations of Qatar Foreign relations of the United Arab Emirates Foreign relations of the United Kingdom Foreign relations of Saudi Arabia Bahrain United Kingdom relations Oman United Kingdom relations Qatar United Kingdom relations Saudi Arabia United Kingdom relations United Arab Emirates United Kingdom relationsReferencesSmout Alistair 22 June 2023 Britain launches free trade talks with Gulf countries Reuters Archived from the original on 22 June 2022 Retrieved 29 December 2023 Finn Tom 26 March 2017 Gulf Arab states push for UK free trade deal after Brexit officials Reuters Archived from the original on 14 May 2024 Retrieved 29 December 2023 Mayes Joe 7 October 2021 U K Starts Trade Deal Process With Saudi Arabia Gulf Bloomberg Archived from the original on 14 May 2024 Retrieved 29 December 2023 Cranny Manus Martin Matthew Gamal El Din Yousef 27 January 2022 UK Gulf May Sign Post Brexit Trade Deal This Year Bahrain Says Bloomberg Archived from the original on 27 January 2022 Retrieved 29 December 2023 Kerr Simeone 21 June 2022 UK seeks Gulf trade boost as talks start to secure deal Financial Times Archived from the original on 22 June 2022 Retrieved 29 December 2023 Carey Paul Starmer hails good progress on trade deal with GCC The National Retrieved 10 April 2025 Gulf Cooperation Council trade negotiations update GOV UK 12 October 2022 Archived from the original on 12 October 2022 Retrieved 29 December 2023 UK Gulf Cooperation Council trade negotiations update December 2022 GOV UK 20 December 2022 Archived from the original on 20 December 2022 Retrieved 21 April 2024 Trade Update UK Gulf Cooperation Council FTA GOV UK 22 March 2023 Archived from the original on 22 March 2023 Retrieved 21 April 2024 Trade Update UK Gulf Cooperation Council FTA GOV UK 1 August 2023 Archived from the original on 1 August 2023 Retrieved 21 April 2024 Trade Update UK Gulf Cooperation Council FTA GOV UK 22 November 2023 Archived from the original on 22 November 2023 Retrieved 21 April 2024 Trade Update UK Gulf Cooperation Council FTA negotiations GOV UK 19 February 2024 Archived from the original on 19 February 2024 Retrieved 21 April 2024 Nair Adveith Rees Tom 4 July 2023 Bahrain Set to Invest 1 Billion in UK After Crown Prince Visits Bloomberg Archived from the original on 20 March 2024 Retrieved 14 May 2024 Courea Eleni 5 March 2024 UK negotiators fly to India in last ditch effort to seal free trade deal The Guardian Archived from the original on 5 March 2024 Retrieved 5 March 2024 Mayes Joe 14 May 2024 UK Seeks Stronger Saudi Ties With 450 Strong Business Delegation Bloomberg Archived from the original on 14 May 2024 Retrieved 14 May 2024 UK seeks closer Saudi ties with 450 strong delegation The Business Times 14 May 2024 Archived from the original on 14 May 2024 Retrieved 14 May 2024 Free Trade Agreement with the Gulf Cooperation Council GCC Update on Continuous Negotiations TheyWorkForYou Retrieved 9 February 2025 HRH the Crown Prince Receives Phone Call from British Prime Minister spa gov sa Retrieved 1 May 2025 UK Gulf visit to enhance regional security and boost UK growth GOV UK Retrieved 1 May 2025 Dudley Dominic 14 October 2022 UK Starts Free Trade Talks With Gulf States But Human Rights Seem Off The Menu Forbes Archived from the original on 14 October 2022 Retrieved 22 November 2023 External links

Latest articles
  • May 22, 2025

    1884 United States House of Representatives elections in South Carolina

  • May 22, 2025

    1880 United States House of Representatives elections in South Carolina

  • May 22, 2025

    1880 United States House of Representatives elections in Massachusetts

  • May 22, 2025

    1880 United States House of Representatives elections in Florida

  • May 22, 2025

    1879 United States Senate special election in Indiana

www.NiNa.Az - Studio

  • Wikipedia
Get in touch
Languages
Contact Us
DMCA Sitemap
© 2019 nina.az - All rights reserved.
Copyright: Dadash Mammadov
A free website that provides data and file sharing from all over the world.
Top