UK Opens Consultation Ahead of Trade Deal Negotiations With Gulf Cooperation Council
The United Kingdom kicked off a 14-week consultation period ahead of negotiations over a trade deal with the Gulf Cooperation Council, the Department for International Trade said. The consultation calls for the public and businesses to share their views about the nearly $41 billion trade relationship before negotiations start in earnest in 2022. The U.K.'s secretary of state will hold a bilateral meeting in London with the GCC Secretary General Nayef Falah Al-Hajraf and Bahraini Assistant Undersecretary for Domestic and Foreign Trade Hamad Bin Salman Al-Khalifa to signal the start of the consultation, DIT said. The consultation will wrap up in January.
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“A trade agreement with the Gulf Cooperation Council is a huge opportunity to liberalise trade with a growing market for British business and deepen ties with a region that is vital to our strategic interests,” said International Trade Secretary Anne-Marie Trevelyan. “We want a modern, comprehensive agreement that breaks down trade barriers to a huge food and drink market and in areas like digital trade and renewable energy which will deliver well-paid jobs in all parts of the United Kingdom.”