From confrontation to accounting, a signal of Middle Eastern geopolitical and economic shift

Bahraini Minister Fahro described the UK-GCC Free Trade Agreement as a milestone, a win-win deal of significant scale, with enormous potential for trade and investment between both sides. The GCC is currently in a turbulent period, emphasizing openness to business; he also stressed restraint against Iranian aggression and maintaining economic growth. The UK Department for Business said that after the agreement fully takes effect, UK tariffs on GCC countries will decrease by approximately 580 million pounds annually, with 360 million pounds of that eliminated on the first day.