![]() In January Oman and UK energy major BP signed two deals to support the construction of renewable energy and green hydrogen projects in the sultanate. The event builds on recent developments between the GCC and the UK in the energy sector. Like many Gulf countries, Oman has set ambitious renewable energy targets, with the country aiming to generate 30% of electricity from renewable sources by 2030. #Xstand trade series#Organised by the Ministry of Commerce, Industry and Investment Promotion, in partnership with the Oman Investment Authority and others, the “New Energy in Oman” event will feature a series of speakers from both Oman and the UK, and aims to provide a forum for bilateral meetings with UK companies operating in the sector. To this end, Omani authorities will host a conference in London highlighting the various renewable energy and decarbonisation investment opportunities in the country. Talks are set to look at removing tariffs on renewable energy infrastructure such as UK-made wind turbine parts, while GCC countries would also benefit from greater access to UK clean energy technology, such as innovations that improve energy efficiency in homes, buildings and businesses. While the GCC’s oil and gas reserves are not likely to be included in the deal, any prospective agreement is expected to help Gulf countries diversify their respective energy sectors and reduce their reliance on hydrocarbons. One area where the deal is expected to have a significant impact is renewable energy. While there is no official timeline for the completion of the deal, UK and GCC policymakers hope to launch the first round of negotiations in the third quarter of this year, with local and international media reporting that both sides are hopeful of securing a deal before the end of 2023. ![]() #Xstand trade free#The talks, which followed months of exploratory discussions, are focused on securing a free trade agreement that would reduce or remove tariffs on a series of goods and services.Ĭurrent annual trade between the GCC and the UK stands at around $40bn. Trevelyan then travelled to Dubai to meet with representatives from the six GCC countries: Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the UAE. On June 22 the two parties officially launched talks on a comprehensive trade deal, with Anne-Marie Trevelyan, the UK trade secretary, meeting with Nayef Falah Al Hajraf, the GCC secretary-general, in Riyadh. Denver, Dallas, St.As part of plans to expand and diversify its global trade partners, the GCC has launched negotiations with the UK on a free trade agreement that is expected to bolster the bloc’s economy, help attract investment and provide greater opportunities for local businesses.Chicago, Boston, Atlanta, Orlando, Charlotte, Detroit, Indianapolis: 2-days.New York, Philadelphia, D.C., Baltimore, Las Vegas, Ohio: 1-day. ![]() Ground ship times for the X-Stand Banner Stands: NOTE: Please reference your order number in notes area Includes: X-stand Frame, and canvas carry bag ![]()
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