Go East – Exporting to the Gulf

The U.K. Government is currently negotiating a trade deal with the GCC which could boost the UK economy by £1.6 billion in the long run, while allowing UK companies to take advantage of this booming market and giving British consumers access to more high-quality goods and services.

The Gulf Cooperation Council, made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. In conjunction with Blue Link Worldwide our event will discuss why this is an important market for the U.K.

British companies have a role to play in partnering with GCC governments as they diversify their economies, including in renewable energy. For example, exports of UK wind turbine parts currently face tariffs of up to 15% and we will seek to reduce and remove tariffs for our goods exports, making them more competitive in the GCC market. This will positively impact many businesses, including our food and drink, where exporters face tariffs of up to 25% for cereals and up to 15% for chocolate. UK food and drink exports to the GCC were worth £625m last year so lowering tariffs on these goods would make a material difference.

As the centre of economic gravity in global trade moves East, the GCC is in ascendance with its links to Asia and Africa. A comprehensive free trade agreement will demonstrate both the UK’s ambition to strengthen economic ties with the GCC and benefit UK companies based both in the UK and here in the region.

This event is Free to Chamber members.
Non-member price – £20.00 & VAT per person