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Overseas Trade: Saudi Arabia

Answer

The Government is currently negotiating an ambitious UK-Gulf Cooperation Council (GCC) Free Trade Agreement (FTA) to boost trade with the region by cutting tariffs and removing red tape. The ongoing FTA negotiations with the GCC show our commitment to move towards a strengthened and more formalised trade relationship with Saudi Arabia.

Bilaterally, the UK and Saudi Arabia engage together as part of the Strategic Partnership Council to underpin bilateral relations, bolster mutually beneficial trade and investment, and develop partnerships between UK and Saudi giga-projects. I also recently travelled to Saudi Arabia to represent the UK at the Future Minerals Forum, one of the world’s largest critical mineral events.

The Government is also supporting British businesses operating in Saudi Arabia through our extensive market access work, which aims to reduce or remove regulatory or administrative restrictions that can impede a business exporting or investing overseas.

Secondary information

Type

Written question

Reference

901156

Session

2023-24

Question not reached

Yes

Subjects

Overseas trade Saudi Arabia

Link

View this Written question on www.parliament.uk