Prices of cereals, biscuits, smoked salmon could drop as UK begins free trade talks with GCC nations – Arabian Business

Prices of cereals, biscuits, smoked salmon could drop as UK begins free trade talks with GCC nations – Arabian Business

Prices of cereals, biscuits, baking products, and smoked salmon, among other food and beverages in the GCC, have come under the scanner as the UK begins free trade negotiations with nations in the region, including Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar.

UK Trade Secretary Anne-Marie Trevelyan launched free trade negotiations on Wednesday, 22 June, in a move that could open the door to increased investment in the Gulf and the UK, and support and create jobs.

While on one hand, a UK-GCC free trade deal could significantly aid British farmers and producers, on the other hand, it could also be extremely beneficial to the Middle East as the region is highly dependent on imported food.