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The GCC countries and the UK have been seeking a free trade agreement ever since the latter’s exit from the European Union after that Brexit vote. Although talks had progressed to the final stages, they experienced a slowdown due to reasons specific to each party.
Recently, these FTA talks have seen a revival and there is keenness to speed up overcoming of some remaining obstacles, especially those related to the liberalisation of financial services and the free flow of investments, which are usually considered the most complex of the more than 70 areas subject to negotiations, including trade in goods and trade in general.
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