UK minister urges businesses to get on with GCC trade ahead of FTA implementation
- UK Minister Lord Anas Sarwar urges businesses to start trade and investment partnerships with Gulf states prior to the UK-GCC free-trade agreement's implementation.
- The FTA, signed in May, will eliminate tariffs on approximately 93% of UK exports to the GCC, potentially generating £580 million in annual trade benefits.
- Sarwar emphasizes that businesses should not wait for the agreement's ratification to pursue opportunities, as current commercial activity is crucial for the deal's success.
