Britain, Gulf countries negotiating free-trade agreement

Reuters | Dubai

The Daily Tribune – www.newsofbahrain.com

Britain and Gulf Cooperation Council (GCC) countries are negotiating a free-trade agreement, Britain’s investment minister, Gerry Grimstone, said yesterday.

A deal will be concluded within 12 months, Grimstone said at a conference in Dubai. The GCC is already an important trading partner for Britain, with almost 22 billion pounds ($29.57 bn) of British exports and bilateral trade worth over 30 bn pounds in 2020, showed a British government website.