UK-Gulf trade deal a 'monumental achievement,' Bahrain trade minister tells CNBC
The U.K. and Gulf states have finalized a free trade agreement that is being hailed as a significant achievement by Bahrain's industry minister. Abdulla bin Adel Fakhro emphasized the deal's potential to enhance bilateral trade and investment between the regions. Amid regional tensions, he noted the GCC's commitment to economic growth and stability.
- ▪Bahrain's industry minister called the trade deal a 'monumental achievement.'
- ▪The free trade agreement is expected to boost bilateral trade and investment between the U.K. and Gulf Cooperation Council.
- ▪The deal comes during a turbulent time for the GCC due to the U.S.-Iran conflict.
Opening excerpt (first ~120 words) tap to expand
The trade deal between the U.K. and Gulf states is a "monumental achievement," Bahrain's industry minister told CNBC. Abdulla bin Adel Fakhro, Bahrain's minister of industry and commerce, said the free trade agreement, announced on Wednesday, was a win-win for the U.K. and Gulf Cooperation Council and "very significant.""The size of this FTA [free trade agreement] is very big, the bilateral trade between the countries is very big and the investment between the countries is very large," he told CNBC's Dan Murphy, saying he expected those areas of cooperation to grow thanks to the deal.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Economy.
Discussion
0 commentsMore from CNBC — Economy
