UK, GCC Hold First Round of FTA Talks
The U.K. and Gulf Cooperation Council recently held the first round of negotiations on a free trade agreement, the U.K.'s Department for International Trade said Oct. 12. The Aug. 22 to Sept. 29 talks were carried out virtually. Both parties…
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discussed their objectives for the FTA and exchanged technical information across 29 policy areas during 33 sessions, the DIT said. The deal is anticipated to boost U.K.-GCC trade by 16% and add nearly $1.8 billion to the British economy. The DIT said it will not compromise on its environmental and labor protections, public health, animal welfare and food standards.