Does the UK have a trade deal with Saudi Arabia?

New UK-Gulf trade deal Negotiations for a pact between Britain and the GCC will start in 2022 following a 14-week consultation with the public and businesses, according to the UK’s Department for International Trade.

What does the UK import from Saudi Arabia?

Oil accounted for more than half of the imports from Saudi Arabia, including crude and refined products. Other goods included machinery and electrical equipment, and photographic, cinematographic and medical equipment.

Are UK and Saudi Arabia allies?

Saudi Arabia is the United Kingdom’s primary trading partner in the Middle East and the United Kingdom is Saudi Arabia’s closest European ally. The UK has an embassy in Riyadh, consulate in Jeddah and trade office in Al Khobar.

Which UK companies trade with Saudi Arabia?

Strong UK trade links Saudi Arabia is one of the UK’s most important trading partners. The UK exported £10 billion worth of goods and services to Saudi Arabia at the 2020 (ONS, 2021). British companies present in the market include Shell, GlaxoSmithKline, BAE Systems, Rolls Royce and Unilever.

What do we trade with Saudi Arabia?

The top import categories (2-digit HS) in 2019 were: mineral fuels ($12 billion), aluminum ($295 million), special other (returns) ($258 million), fertilizers ($231 million), and organic chemicals ($183 million). U.S. total imports of agriculturalproducts from Saudi Arabia totaled $7 million in 2019.

Who supplies the UK with oil?

Norway
Norway is the main supplier of both crude oil and natural gas for the United Kingdom. In 2020, some 11.7 million metric tons of crude oil and 1.4 million metric tons of natural gas were imported from Norway.

Does Britain get oil from Saudi Arabia?

What about the UK? Just 3\% of the UK’s oil comes from Saudi Arabia: the majority comes via pipeline from Norway. The US, Nigeria, Algeria and Russia are the other main suppliers to Britain.

What do we buy from Saudi Arabia?

U.S. total exports of agricultural products to Saudi Arabia totaled $1.3 billion in 2019, our 22th largest agricultural export market. Leading domestic export categories include: hay ($141 million), tree nuts ($128 million), corn ($110 million), rice ($98 million), and vegetable oils (ex. soybean) ($87 million).

What does the US get from Saudi Arabia?

Why has the UK sold £6bn worth of arms to Saudi Arabia?

The UK has overseen the sale of £6.2bn worth of arms to the Saudi coalition since the start of the war in Yemen, according to a new report. The Campaign Against the Arms Trade (CAAT) group say the crisis in Yemen “wouldn’t have been possible without the complicity and support of Downing Street.”

Where do Saudi Arabia’s arms imports come from?

A total of 73\% of Saudi Arabia’s arms imports came from the U.S., and 13\% from the U.K. In the five years before the war, U.S. arms transfers to Saudi Arabia amounted to $3 billion; between 2015 and 2020, the U.S. agreed to sell over $64.1 billion worth of weapons to Riyadh, averaging $10.7 billion per year.

Which countries have recently suspended arms sales to Saudi Arabia?

The UK has previously suspended arms sales in response to a court order, but resumed them last year. Ministry of Defence officials also advise Saudi on its bombing campaign. Italy recently suspended sales.

What are the UK’s biggest defence exports to Saudi Arabia?

Equipment sold to Saudi Arabia includes Typhoon and Tornado fighter jets, as well as precision-guided bombs, says the BBC. More than 40\% of UK arms exports are destined for Saudi Arabia, and in 2018, BAE Systems – the largest UK defence company – made £2.6bn worth of sales to the Gulf state.