The Guernsey Financial Services Commission welcomes inclusion of Guernsey in UK-Gulf Free Trade Agreement

The Commission welcomes the announcement by the States of Guernsey regarding the inclusion of the Bailiwick in the recently concluded Free Trade Agreement between the United Kingdom and the Gulf Cooperation Council (GCC).

The agreement, concluded on 20 May 2026, represents a significant development in Guernsey’s international trading position and reflects the ongoing work of the States to ensure the island is included, where appropriate, in the United Kingdom’s evolving network of trade agreements.

The GCC comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, a region with which Guernsey has built substantial economic links over several decades.  

The Commission has developed memoranda of understanding with several jurisdictional regulators within the GCC over a number of years and it is heartening to see these built on through this intergovernmental agreement.

More information on the States of Guernsey announcement is available here: Read the States of Guernsey announcement