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<p>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.</p><p>
</p><p>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.</p><p> </p><p>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.</p>
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