Britain’s new authorities stated on Monday it might restart talks on commerce agreements with Türkiye, India and international locations within the Gulf Cooperation Council (GCC).
Prime Minister Keir Starmer, whose Labour Party returned to authorities after 14 years in opposition following a landslide victory at a July 4 election, has made financial progress the central mission of his authorities.
Trade talks had been paused through the election.
“Restarting talks is the first step toward agreeing on high-quality trade deals. The U.K. needs to give businesses access to international markets, boost jobs, and deliver that growth,” the federal government stated in an announcement.
The commerce division stated the primary spherical of negotiations below the brand new authorities was anticipated to happen within the autumn and would come with contemporary talks with South Korea, Israel, Switzerland and Türkiye.
Britain already has free commerce agreements (FTAs) with these 4 international locations, together with Türkiye, which had been rolled over when it left the European Union in 2020 however had beforehand launched talks to replace the agreements.
Ankara and London search to increase the deal to incorporate service sectors akin to schooling, well being care, banking, telecommunications, transportation and tourism. They additionally need to encourage and improve joint investments and procure mutual concessions in agricultural merchandise.
Their bilateral commerce reached $19 billion final 12 months, and officers have expressed a need to surpass that quantity this 12 months and obtain $20 billion.
Source: www.dailysabah.com