• Oman

    • MoCIIP Minister, British official discuss free trade agreement between GCC and UK

    By on January 23, 2024

    MoCIIP Minister, British official discuss the free trade agreement between the GCC countries and the United Kingdom

    Muscat: His Excellency Qais bin Mohammed Al Yousef Minister Ministry of Commerce, Industry & Investment Promotion (MoCIIP), and Greg Hands, British Minister of State for Foreign Trade, discussed the free trade agreement between the Gulf Cooperation Council countries and the United Kingdom, via video call today.

    This meeting aims to advance the next round of free trade negotiations between the GCC countries and the United Kingdom, and expand the areas of economic and investment cooperation. It should be noted that the countries of the Gulf Cooperation Council have signed a free trade agreement with the Republic of Korea and the Islamic Republic of Pakistan, which is a historic step towards achieving Gulf economic integration and strengthening economic and trade relations between the two sides.

    It is expected that these agreements will contribute to increasing the volume of bilateral trade, increasing trade in goods and services between the two parties, and enhancing economic diversification plans.

     

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