The UK has secured a deal with the Gulf Cooperation Council (GCC) with the aim of boosting economic partnership with the region.
Reportedly, the agreement will remove an estimated £580m in duties a year, based on current UK exports to the GCC, once the agreement is fully implemented.
Around £360 million worth of this will be removed on day one of the agreement entering into force.
The food & beverage sector will benefit from tariff-free regulation changes on exports such as cereals, cheddar cheese, chocolate and butter
Additionally, through tariff reductions, stronger Intellectual Property protections and simplified customs processes, could increase bilateral trade by 19.8%.
UK prime minister Keir Starmer said: “Today’s agreement is a huge win for British business, and for working people who will feel the benefits in the years ahead through higher wages and more opportunities.
“This government has now secured five major trade deals with international partners, delivering on our commitment to drive growth, support jobs and strengthen the UK economy.
“The Gulf states are valued economic partners and this agreement deepens that relationship, building trust and unlocking new possibilities for trade and investment.
“The deal is estimated to add £3.7 billion to the UK economy every year in the long run when compared to 2040 projections and £1.9 billion in real wages, delivering for businesses and working people.”
IntraLogisteX 2026 takes place on 17-18 March 2027 at the NEC Birmingham. For exhibitor information and visitor registration, visit the official event website at www.intralogistex.co.uk
