The United Kingdom will then look for the commercial pact with the Gulf countries, explains Reeves

The United Kingdom wishes to conclude a trade agreement with Gulf countries, notably Saudi Arabia, the United Arab Emirates and Qatar, as its next move, said Chancellor Rachel Reeves at the BBC.

She said that the United Kingdom was now in a better place on trade “than any other country in the world”, following the main trade agreements with India, the United States and the EU that were signed this month.

Reeves also suggested that the prospect of closer trade relations would increase British growth forecasts.

But the opposition parties criticized the government for some of the concessions offered in exchange for commercial transactions.

In early April, the government said that it was continuing discussions with the Gulf Nations, launched by the previous conservative government, which focused on the stimulation of food and drinks in the United Kingdom, renewable energies and manufacturing exports, and by attracting more investment in the United Kingdom.

If it is the next government agreement, this may prove politically controversial, given the human rights file of some of the six countries involved.

However, Reeves said that the United Kingdom “was not trying to have commercial negotiations with China”, which could increase similar objections.

Reeves was addressed to the BBC following the announcement of a commercial pact with the EU on Monday, which caused criticism of opposition parties.

Conservative chief Kemi Badenoch said that the last EU’s agreement had taken the United Kingdom “upside down”, while the chief of the Nigel Farage reform declared on social networks that the Labor Party had “sold” the fishing industry and called the EU as a “constant decrease political union”.

Meanwhile, the chief of liberal democrats, Sir Ed Davey, said that the EU agreement was a “welcome springboard”, but called on the government to go further and accept a customs union.

The agreement with the EU, including fishing, trade, defense and energy, marks the largest agreement between the parties since the United Kingdom left the commercial block in 2020 after the Brexit vote.

This pact follows hot on the heels of a commercial agreement with India, which facilitates the export of British companies, cars and other products to the country, and reduces taxes on the exports of India clothes and shoes.

The government also obtained an agreement with US President Donald Trump to reduce Prices on certain goods exchanged between nations.

Reeves suggested to the BBC that Great Britain’s economic growth forecasts should be improved following the three trade agreements.

When the government’s official forecasting organization provides its evaluation of the economy in parallel with the fall budget, it would take into account higher than expected growth in the first three months of the year and improved trade relations, she said.

“We are planning to grow 1% this year, and we had 0.7% in the first quarter and they will take into account the new commercial transactions that have been obtained,” said Reeves.

“Reset” with the EU only removes some of the additional obstacles to trade resulting from Brexit, and is therefore expected To increase the growth by less than half a hundred.

Economists say that more economic advantages could be acquired by joining the single market and the Customs Union and to allow freedom of movement, but these are “red lines” that the government has declared that it would not cross.

A higher growth rate generally means that people are paid a little more, can spend more and more jobs created by business investment, but this would also give the chancellor more space for maneuver with regard to tax or borrowing or expense reductions.

However, the sharp increase in growth between January and March should not last, partly due to the effect of American tariffs on global growth.

The Minister of EU Relations, Nick Thomas-Symonds, said that organizations and commercial enterprises, ranging from defense to supermarkets, had welcomed the agreement because it would be “economically advantageous from top to bottom of the country”.

He conceded that all government’s ambitions had not been carried out, in particular by establishing new rules allowing musicians, artists, accountants and lawyers to work more easily in the EU.

The Minister of Foreign Affairs of the Shadow, Priti Patel, said that it was “everything to reduce costs and bureaucracy”, but criticized the “lack of details” of the agreement.

Pushed why the previous conservative government had not concluded a new agreement with the EU earlier, it declared to the BBC TODAY program that the original Brexit arrangement had always been “transitional”.

“We all knew that we would return to it and watch other discussions,” she said.

It seems that the government had in mind the EU, the largest trading partner in the United Kingdom, during its talks with the United States and India.

As part of the agreement with the EU, in exchange for current fishing rules, checks have been reduced to British food exports.

Reeves said British officials had clearly told the Trump administration and India that food standards were not to negotiate their agreements.

“We have increased the importance quota of the United States, everything was still according to the high standards in which we are proud, and in part because the standards are important for us, but also because we wanted to obtain this agreement with the EU, which is by far the largest market in agriculture and fishing in the United Kingdom,” said the Chancellor.

The two parties agreed to cooperate more on an “experienced regime for young people” allowing young people to work and travel more freely, but this is subject to new negotiations.

Reeves described recent trade agreements as “coming as buses” and said that “Great Britain is in a better place than any other country in the world in terms of transactions with these countries”.

“The first agreement and the best agreement so far with the United States, we have the best agreement with the EU for any country outside the EU, and we have the best trade agreement with India,” added Reeves.

“Not only are these important in its own right, but it also shows that Great Britain is now the place of investment and business, because we have preferential agreements with the biggest economies in the world.”