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The Gulf Cooperation Council–United Kingdom free trade agreement (GCCUKFTA) is a proposed free trade agreement which began negotiations in June 2022. [1] When completed it will be the first free trade agreement between the United Kingdom and the Gulf Cooperation Council, or any of its member states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
Over 1.4 million visitors from the UK visit the United Arab Emirates each year, and over 130,000 British diaspora live in the UAE. In 2024, UAE was the UK’s largest trading partner in the region and its 19th largest trading partner globally. [4]
The UK governed the United Arab Emirates from 1920 to 1971, when the United Arab Emirates achieved full independence. Both countries share common membership of the World Trade Organization . Bilaterally the two countries have a Defence Cooperation Accord, [ 220 ] an Investment Agreement, [ 221 ] and a Partnership for the Future. [ 222 ]
National Securities and Stock Market Commission (NSSMC) United Arab Emirates: Central Bank of the UAE ; Securities and Commodities Authority (SCA) ; Insurance Authority (IA) United Kingdom: Prudential Regulation Authority (PRA) ; Financial Conduct Authority (FCA) ; Financial Reporting Council (FRC) ; The Pensions Regulator (TPR) United States
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
Britain’s “chummy” relationship with the United Arab Emirates could be stifling efforts to free a British property developer imprisoned in Dubai, his family has said.
The minister’s responsibilities include: investment promotion across all sectors, the Office for Investment, delivering an investment strategy to drive further inward investment to the UK, investor relationship management, Sovereign Investment Partnerships, and delivering key investment events. [13]
British International Investment, (formerly CDC Group plc, Commonwealth Development Corporation, and Colonial Development Corporation) [2] is the development finance institution of the UK government. [3] The Foreign, Commonwealth and Development Office is responsible for the organisation, and is the sole shareholder. [4]