Time is right for far-reaching free trade deals with UK and EU Abu Dhabi skyline. With the UK’s exit from the EU, the GCC states have better negotiating positions concerning relations with the EU and UK. Image Credit: Shutterstock
After nearly five years of give-and-take in the “Cold War” between the European Union and the UK, a Brexit deal was finally signed, bringing the curtain down on one of the most complex issues confronting Europe.
There is no doubt this will leave a deep impact not only on remaining EU member-states but on the trade and economic relations with the UK on the one side and with other countries and economic blocs on the other side, including those with the GCC. The signs of such new relationships have begun to appear as soon as the announcement of the signing of the exit agreement was made at the final moments of last year.