Amid the Iran crisis, 6 Gulf countries including Saudi Arabia, United Arab Emirates have signed a free agreement with Britain. Under this, now both the countries will not have to pay any tariff for export of goods. Not only this, Gulf countries have also agreed to share data with Britain. This means that British companies can freely use the data of Gulf countries. According to the Financial Times, this agreement has been made on the initiative of Keir Starmer.
According to the report, data from Gulf countries will be shared with Britain to understand the geographical location and consumer needs. Britain will also use digital data of Gulf countries to increase exports.
Why did the Gulf countries sign an agreement with Britain?
The Gulf country is currently facing a crisis. He has only the Red Sea route to transport goods. Iran has closed Hormuz. Due to this the Gulf countries have made an agreement with Britain. Food, machinery, medical equipment, luxury goods etc. come from Britain to Gulf countries.
This will accelerate due to the free trade agreement. This step has been taken to provide relief to the people of Gulf countries struggling with inflation.
Britain is a NATO member, America also has no problem
The relations of Gulf countries with America are considered excellent. Most of the Gulf countries have defense and trade agreements with America. Britain is also a NATO member along with America. Britain is also a member of the G-7 countries. In such a situation, if the Gulf country shares its data with Britain, then America will not face any problem.
This is the reason that along with the trade agreement, the Gulf countries have also made a deal with Britain regarding data sharing. The names of the Gulf countries whose data will now be easily accessible to Britain include the United Arab Emirates, Jordan, Bahrain, UAE, Qatar and Oman.
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