British Prime Minister Keir Starmer has declared the UK as “the best place to invest,” aiming to finalize a free trade agreement with the Gulf Cooperation Council (GCC). Speaking at the London Lord Mayor’s banquet for business leaders, he highlighted Britain’s openness to trade and investment.
“We will create a climate for growth, making the UK the best country for investment, trade, and business growth,” Mr. Starmer said. He emphasized strengthening ties with global partners, including the Gulf and Pacific regions.
Focus on Gulf Trade Deal
Starmer’s focus on the GCC agreement comes ahead of his upcoming regional trip. Trade between the UK and the Gulf is already valued at £57 billion ($72.16 billion), and the government predicts a GCC trade deal could boost the UK economy by £1.6 billion in the long term.
In recent months, UK ministers, including Trade Secretary Jonathan Reynolds, have visited the Gulf to strengthen trade ties. In July, GCC Secretary General Jasem Al Budaiwi and Mr. Reynolds expressed mutual commitment to finalize the deal by the end of 2024. Since 2022, the UK and GCC have held seven rounds of negotiations.
US Relations Take Center Stage
Alongside the Gulf trade efforts, Mr. Starmer expressed Britain’s commitment to its long-standing relationship with the United States. Reflecting on his meeting with President-elect Donald Trump, Starmer pledged deeper investment in transatlantic ties.
“Our bond with the US has been the cornerstone of security and prosperity for over a century,” he said. He also urged Mr. Trump to maintain support for Ukraine, highlighting the urgent need to counter Russian aggression. Starmer referred to the ongoing conflict as a “present danger,” emphasizing continued military aid to Ukraine.
Commitment to Global Stability
Starmer also addressed other international challenges, pledging Britain’s role in promoting peace and providing humanitarian aid.
“We will increase aid to those suffering in Gaza, Sudan, and other conflict zones,” he said. He called for a political solution in Syria and vowed that the UK would remain a steady presence in international affairs.
Closing his speech, Mr. Starmer emphasized Britain’s responsibility as a reliable global partner. “In turbulent times, the UK will stand tall and be a constant, responsible ally,” he concluded.
