The UK is under pressure to finalize a free trade agreement with the Gulf Cooperation Council (GCC) to eliminate tariffs and reduce trade barriers. Talks for the deal are at an advanced stage, and both sides are eager to reach an agreement. The UK believes the FTA would increase bilateral trade by 16% and add £8.6 billion ($10.7 billion) annually. The agreement would also benefit Gulf countries, which are diversifying their economies away from hydrocarbons. The FTA would facilitate cooperation in key sectors like AI and renewables, where both the UK and GCC are investing heavily.