Thursday, June 23, 2022

Trade with the Gulf nations

This week the UK government launched negotiations for a free trade deal with the Gulf nations worth over £33 billion in trade, helping to grow Britain's economy and create jobs across the country.

  • Our current trade with the Gulf is worth over £33 billion and Gulf investments supported over 25,000 UK jobs in 2019 – triple what it was 10 years ago.
  • That is why we have launched trade negotiations today with the Gulf, the UK’s seventh largest export market, which will benefit British farmers and producers, as they are dependent on imported food. The East Midlands, West Midlands, North East and Yorkshire and the Humber will be in line for the greatest gains and the deal would boost Scotland, Wales and Northern Ireland’s economies by almost £500 million.
  • This trade deal has the potential to support jobs from Dover to Doha, growing our economy at home, building vital green industries and supplying innovative services to the Gulf.

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