In December 2024, UK Prime Minister Keir Starmer embarked on a diplomatic mission to Saudi Arabia and the United Arab Emirates to negotiate a free trade agreement with the Gulf Cooperation Council (GCC). This potential deal, valued at £57 billion annually, aims to strengthen the UK’s post-Brexit economy by enhancing trade relations with GCC member states, including Qatar, Kuwait, Oman, and Bahrain.
The GCC’s reliance on imports presents significant opportunities for UK sectors such as agriculture and manufacturing. Additionally, the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on December 15 is expected to boost the economy by £2 billion annually, benefiting industries like beverages, tobacco, and motor vehicles.
These strategic moves reflect the UK’s efforts to redefine its global trade relationships and economic strategy in the post-Brexit era.
Will these trade deals redefine the UK’s global economic standing? Share your thoughts below!