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وكالة الأنباء القطرية
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وكالة الأنباء القطرية

2026-10-20T14:03:48.691Z

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وكالة الأنباء القطرية

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GCC-UK Trade to Hit 70B in 2025

GCC-UK Trade to Hit 70B in 2025

The Secretary-General of the Gulf Cooperation Council, Dr. Jassim Muhammad Al-Budaiwi, announced that the trade exchange volume between the GCC countries and the United Kingdom reached $70 billion in 2025, making the GCC the tenth-largest trading partner of the UK. He also pointed out that mutual investment assets amounted to approximately $643 billion in 2024, and that the GDP of GCC countries is estimated at $2.4 trillion, with foreign trade exceeding $1.8 trillion. This reflects the strength of economic relations and their readiness for further growth through a new free trade agreement that will eliminate tariffs on more than 99% of the GCC's exports, providing advantages to increase non-oil exports and strengthen economic interconnection between the two sides.

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