Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

UK approaches Gulf countries on post-Brexit trade pact - UAE minister

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/11/2019 | 04:01am EST
FILE PHOTO: Sultan Bin Saeed Al Mansouri attends the opening meeting of the Arab Summit in Sharm el-Sheikh

DUBAI (Reuters) - Britain has approached the United Arab Emirates and other Gulf countries on a possible trade pact after Britain leaves the European Union, the UAE economy minister said on Monday.

Such agreements can take years to negotiate, Sultan bin Saeed al-Mansouri said on a panel at the World Government Summit in Dubai. He gave no further details.

Britain is due to leave the EU on March 29, but it has yet to find an agreement acceptable to both Brussels and UK lawmakers, raising the prospect of a disorderly exit that could damage the world’s fifth-largest economy.

The UK was "looking forward" to a free-trade agreement with the Gulf Cooperation Council, Liam Fox, the UK state secretary for international trade, said during a visit to Dubai for the summit, according to state news agency WAM.

The GCC comprises the UAE, Qatar, Saudi Arabia, Oman, Kuwait and Bahrain.

In 2017, trade between the UAE and UK totalled 17.5 billion British pounds, up 12.3 percent from 2016, according to official figures.

By 2020, the UK government wants that number to increase to about 25 billion pounds.

(Reporting by Alex Cornwell, writing by Nafisa Eltahir, editing by Larry King)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
08:15aChina's Property Market, Once a Lifeline, Now Carries Economic Risks
DJ
08:09aRussian court orders Baring Vostok's Calvey to be kept in custody until April 13
RE
07:55aBaring Vostok's Calvey tells Russian court he will cooperate with investigation
RE
07:31aGOVERMEDIA PLUS CANADA CORP : . Announces Commercial Agreement With Swiss Blockchain Startup SonoCoin for Cryptocurrency Payment Transactions
AQ
05:27aEFTA EUROPEAN FREE TRADE ASSOCIATION : conducts 8th round of free trade discussions with Mercosur
PU
03:18aSouth African Airways to pay Comair $78 mln to settle competition case
RE
02:53aBank lending for 'real economy' key to boost China growth - central bank official
RE
02:48aWHAT'S NEWS : Business & Finance -- WSJ
DJ
02:48aWHAT'S NEWS : World-Wide
DJ
02:36aChina-U.S. trade talks 'making a final sprint' - state media
RE
Latest news "Economy & Forex"
Advertisement