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Bryant: Gulf trade pact is historic
British Minister of State for Trade, Chris Bryant, stated that the free trade agreement between the United Kingdom and the Gulf Cooperation Council is historic because it is the first agreement the council has signed with a G7 country. It is expected to come into effect within 14 months after the final signing and could generate approximately £3.7 billion in additional UK trade. Additionally, the agreement carries symbolic significance amid regional tensions related to Iran's war and attacks on Gulf allies. It covers various sectors, including services, the digital economy, and artificial intelligence.
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