UK Concludes Trade and Investment Review With GCC
The United Kingdom and the Gulf Cooperation Council conducted a review of opportunities for their trading and investment relationship, the U.K.'s Department for International Trade announced in a June 30 news release. The review focused on goods trade, services trade…
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and investment. The U.K. and the GCC agreed to enhance cooperation to facilitate greater market access in key sectors such as professional and business services, agriculture, food and drink, education, healthcare, financial services and environmental technologies. The Gulf nations have a comparative advantage in natural resource extraction, petrochemicals and aluminum, while the U.K. has an advantage in manufacturing transport equipment, pharmaceuticals and beverages, an executive summary of the review said.