Overseas Trade: Saudi Arabia

(asked on 18th January 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps she is taking to increase trade with Saudi Arabia.


Answered by
Nusrat Ghani Portrait
Nusrat Ghani
This question was answered on 25th January 2024

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.

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