Bahrain’s ambassador highlights benefits of GCC-UK Free Trade Agreement during a key seminar held by the Middle East Association. The ambassador said the agreement will boost development and trade between the Gulf Cooperation Council and the United Kingdom. This partnership aligns with the leaders’ vision across the GCC countries and promises wide benefits.
At the seminar, several key figures attended, including a member of the British House of Lords and the UK Department for Trade and Industry’s head of communications on the FTA. The event was moderated by the Middle East Association’s Director General. Together, they discussed the significance of the free trade deal for both regions.
The ambassador praised the recent official visit of Bahrain’s Crown Prince and Prime Minister to London. The visit led to signing a second strategic partnership in investment and cooperation between Bahrain and the UK. This deal focuses on boosting economic growth and creating jobs in financial services, technology, and industry sectors.
Additionally, the partnership supports efforts to cut carbon emissions with a £2 billion private sector investment from Bahrain in the UK. This investment follows a successful first partnership signed last year worth £1 billion. The visit also resulted in a defense cooperation agreement aiming to strengthen security and military coordination.
The ambassador highlighted Bahrain’s attractive environment for investment. The country offers a skilled workforce, flexible laws, and a strategic location in the Arabian Gulf. The Bahrain Logistics Zone near transport hubs further supports investors. He noted that the free trade agreement will enhance Bahrain’s advantages for British investors.
Negotiations on the GCC-UK free trade agreement have reached advanced stages after eight rounds of talks between Riyadh and London. The ambassador emphasized that the deal will bring a new phase in economic relations, focusing on technology, life sciences, education, AI, financial services, and renewable energy.
Meanwhile, a UK official praised the strong Bahrain-UK and Gulf-UK relations. He noted that the free trade agreement will increase trade and investment, benefiting all parties. Another UK representative highlighted the Gulf market’s importance to Britain’s economy and said the agreement will boost ties in trade, investment, and technology.
Overall, Bahrain’s ambassador highlights benefits of GCC-UK Free Trade Agreement as a milestone that will deepen cooperation and strengthen economic partnerships between the Gulf and the UK. This deal marks a significant step towards shared growth and innovation.
