The free trade agreement between the UK and Gulf Cooperation Council aims to boost bilateral trade and investment worth trillions.
The UK and Gulf Cooperation Council signed a free trade agreement valued at $2 trillion, Bahrain’s industry minister said. The deal is expected to expand bilateral trade, investment, and economic cooperation between the regions.
The agreement follows recent geopolitical tensions, including U.S.-Iran conflicts disrupting Gulf oil and gas industries. GCC ministers have emphasized stability and economic growth despite regional turmoil.
Bahrain’s minister called the deal a “monumental achievement,” highlighting strengthened unity and focus on industrial manufacturing and supply chains within the GCC bloc.