UK Signs Trade Deal with GCC Worth £3.7bn Annually
The UK has signed a trade deal worth an estimated £3.7 billion annually with six Gulf Cooperation Council (GCC) countries, including Saudi Arabia and the UAE. The agreement will eliminate tariffs on British exports such as cars, cheese, and chocolate over time, potentially boosting GDP by 0.1% per year.
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Topics: economic impact Gulf Cooperation Council (GCC) tariffs trade deal UK