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Gulf Cooperation Council Trade Negotiations Update

13 October 2022

Proposing MP
Kemi Badenoch Con
North West Essex
Type
Written Ministerial Statement
Department
Department for International Trade
View on Parliament.uk -->

At a Glance

Issue Summary

This statement updates Parliament on the first round of negotiations for a Free Trade Agreement (FTA) between the UK and Gulf Cooperation Council (GCC).

Action Requested

The Minister is informing Parliament that technical discussions were held across 29 policy areas in 33 sessions, with over 100 UK negotiators participating. The Government commits to maintaining high standards and will keep Parliament updated on progress.

Key Facts

  • Negotiations took place virtually between 22 August and 29 September.
  • Technical discussions were held across 29 policy areas in 33 sessions.
  • Over 100 UK negotiators participated from across Government.
  • A deal is expected to increase trade by at least 16%, add £1.6 billion a year to the UK economy, and contribute an additional £600 million or more to UK workers' annual wages.
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