Trade Agreements: Gulf States
Commons · Question 5820 · Tabled 1 Jun 2026 · Department for Business and Trade · Official record
Answered 9 Jun 2026
Question
Asked by James McMurdock
To ask the Secretary of State for Business and Trade, with reference to his Department's press release entitled UK and Gulf strike historic multi-billion pound trade deal, published on 21 May 2026, what assessment he has made of the potential impact of th
Answer
Answered by Chris Bryant, 9 Jun 2026
The UK-GCC Free Trade Agreement will support economic growth across the UK, with modelling estimating it could increase UK GDP by around £3.7 billion annually in the long run when compared to 2040 projections. It is estimated to boost bilateral trade by n...