UK-Gulf Cooperation Council Free Trade Agreement: technical note
This technical note sets out the Department for Business and Trade’s (DBT) preliminary estimates for the economic impact of the UK-GCC Free Trade Agreement.
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The UK has successfully concluded a milestone free trade agreement (FTA) with the Gulf Cooperation Council (GCC) comprising of the:
- Kingdom of Bahrain
- State of Kuwait
- Sultanate of Oman
- State of Qatar
- Kingdom of Saudi Arabia
- United Arab Emirates (UAE)
This technical note outlines the methodology used in estimating headline impacts for the UK-GCC FTA and presents preliminary estimates for the impact on gross domestic product (GDP), bilateral trade, and wages.