The United Kingdom is negotiating a free trade agreement with the Gulf Cooperation Council (GCC), which includes Saudi Arabia, UAE, Kuwait, and Qatar. The deal, valued at £57 billion annually, is expected to boost the UK economy by £1.6 billion, enhancing trade in goods and services, and fostering investment opportunities.
However, concerns have been raised regarding the environmental implications of engaging with oil-rich Gulf states, emphasizing the need for sustainable practices and adherence to climate commitments. The agreement aims to strengthen economic ties, promote mutual growth, and facilitate collaboration in sectors such as technology, education, and healthcare.
