Air Freight News

UK eyes cuts to food tariffs in trade talks with Gulf nations

The UK is seeking to slash tariffs on food exports to countries including Saudi Arabia, the United Arab Emirates and Qatar in negotiations for a free trade deal with Gulf nations that start on Wednesday.

Talks for a deal with the Gulf Cooperation Council, which also includes Bahrain, Kuwait and Oman could “significantly reduce or remove tariffs” on UK food and drink exports to the region, worth £625 million ($767 million) last year, the Department for International Trade said late Tuesday in a statement. That could include cutting tariffs on cereals, chocolate, baking products, biscuits and smoked salmon, it said.

Boris Johnson’s government is pushing to seal a series of trade deals as it seeks to deliver on what the premier flagged during the campaign to leave the European Union as one of the benefits of Brexit. But the biggest prize—an agreement with the US—remains out of reach for now after President Joe Biden put discussions on ice. That’s left British envoys focusing on clinching smaller deals, in the face of a decline in trade with the EU, the UK’s biggest trading partner.

The UK since Brexit has agreed pacts with New Zealand and Australia and is in talks with India, Mexico and Canada. The GCC is the UK’s seventh largest export market, and a deal has the potential to grow trade with the region by 16%, adding at least £1.6 billion a year to the British economy, according to the trade department.

“This trade deal has the potential to support jobs from Dover to Doha, growing our economy at home, building vital green industries and supplying innovative services to the Gulf,” Trade Secretary Anne-Marie Trevelyan said in the statement.



© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

Gold rises as some G-7 nations to ban new imports from Russia

The US, UK, Japan and Canada plan to announce a ban on new gold imports from Russia during a summit of Group of Seven leaders that’s getting underway Sunday. Prices…

View Article
One of world’s major wheat buyers to trim imports as prices rise

Egypt plans to cut wheat imports by 500,000 tons per year, or about 10%, by eking out more subsidized bread from its grain, Supply Minister Aly El-Moselhy said.

View Article
Johnson says ‘reasonable’ to protect British steel with tariffs

Prime Minister Boris Johnson said that it’s reasonable for UK steel to enjoy the “same protections” other European steel economies have.

View Article
India to double capacity for washing coking coal to cut imports

India plans to ramp up its washing facilities for raw coking coal, a key input for the steel industry, in order to reduce its reliance on imports of the commodity. 

View Article
US resuscitates bid at G-7 to counter China’s Belt and Road
View Article
Isolating China won’t help Hong Kong and Uyghurs, says Dutch leader

Dutch Prime Minister Mark Rutte said he opposes reconsidering trade relations with China over its policies toward Hong Kong and its Uyghur minority.

View Article