Britain's new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said.
Jonathan Reynolds © Gov.uk
Britain's new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said.
Trade secretary Jonathan Reynolds and minister for trade policy Douglas Alexander will meet their counterparts from the Gulf Cooperation Council, which comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Trade has been a weak point in Britain's economy in recent years - with business groups pointing to Brexit as one cause.
The government, elected after a landslide win for Prime Minister Keir Starmer's Labour Party in July, is also targeting trade deals with India, Switzerland and South Korea as part of its plan to boost economic growth.
"I want to see a high-quality trade deal that supports jobs, helps UK companies sell their products to the region and increases choice for consumers - so it's great to be here to discuss exactly that," Reynolds said in a statement.
Britain's Business and Trade Department estimates a free trade deal with the Gulf Cooperation Council could boost the UK economy by 1.6 billion pounds ($2.10 billion) over the long run.
Out of the Group of Seven advanced economies, Britain ranks bottom for growth in goods and services exports since 2019, even when accounting for the country's large precious metals trade, according to national accounts data.
Reporting by Andy Bruce
Turkey, Pakistan, Egypt and Saudi Arabia condemned attacks by Yemen's Iran-backed Houthi militants on Riyadh's international airport, saying they were a "dangerous escalation that cannot be justified or accepted under any pretext".
Yemen's Houthis warned airlines, travellers and airport workers on Sunday to stay away from Saudi airports, a day after an attack on Riyadh's international airport killed 12 people and wounded more than 300 others.
At least 12 people were killed and more than 300 wounded in an attack on Riyadh's international airport on Saturday, the deadliest in the kingdom in more than a decade, as the Iran-backed Houthis escalate a campaign they launched this summer.
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