The UK government announced in a statement on Monday, the 29th of this month, that it is negotiating trade agreements with India, the Gulf Cooperation Council countries, Israel, South Korea, Switzerland and Turkey.
The British administration links this effort to a strategy to support economic growth and local business.
The investment was announced by Business and Trade Secretary Jonathan Reynolds, who is part of the Labour government led by Prime Minister Keir Starmer, which took office on 5 July.
The statement indicates that the UK’s total exports amounted to 855 billion pounds in 2022, with the country ranking fourth among the largest exporters in the world.
The text says the country seeks to strengthen its trade strategy, “relaunch our relationship with the European Union”, and the European Union, support more small businesses to export, as well as reduce unnecessary trade barriers.
The statement said the British teams should arrive at the negotiating table “as soon as possible”. The text said the first round of talks under the new government should take place during the domestic autumn.
The Gulf Cooperation Council consists of Oman, the United Arab Emirates, Saudi Arabia, Qatar, Bahrain and Kuwait.
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