butter & rolls

GCC, U.K. reach milestone trade agreement worth up to $5 billion

The deal, announced by U.K. Prime Minister Keir Starmer in London, is expected eventually to strip away some $780 million in duties a year

Adrian Dennis - WPA Pool/Getty Images

U.K. Prime Minister Keir Starmer (R) meets with Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council, during their meeting at 10 Downing Street

Tariffs on British goods entering the Gulf, from the luxury Rolls-Royce cars favored by royalty to the chocolate and butter that line the aisles of Waitrose supermarkets in Abu Dhabi and Dubai, will be dropped under the terms of...