FTA with GCC to remove estimated $779 mn in duties a year: UK govt

The UK-GCC FTA finalised recently will remove an estimated $779 million in duties a year, based on current UK exports to the GCC, once the pact is fully implemented, with $483.5 million worth of these duties to be removed on day one of the pact entering into force, the UK government said.
It secures long-term market access, reduces barriers for UK exporters and unlocks investment in high-growth sectors.