London, May 21 (QNA) - British Prime Minister Keir Starmer hailed the free trade agreement between the United Kingdom and the Gulf Cooperation Council (GCC) countries, describing it as a major boost to the British economy, jobs, and investment.

In a statement, Starmer said: "Today's agreement is a huge win for British business, and for working people who will feel the benefits in the years ahead through higher wages and more opportunities."

He added that the British government has secured five major trade deals with international partners, delivering on its commitment to drive growth, support jobs and strengthen the UK economy.

He emphasized that the Gulf states are valued economic partners for the United Kingdom, noting that this agreement deepens that relationship, building trust and unlocking new possibilities for trade and investment.

The deal is estimated to add £3.7 billion to the UK economy every year in the long run when compared to 2040 projections and £1.9 billion in real wages, delivering for businesses and working people.

The British government affirmed that the UK could see a boost to growth and higher wages for decades to come after becoming the first G7 country to secure a trade deal with the Gulf Cooperation Council (GCC) - strengthening its economic partnership with the region, supporting jobs in the long term, and bolstering domestic resilience.

In a statement, the government added that the agreement reflects the commitment of the UK and its Gulf partners to open trade, mutual prosperity, and sustainable economic success. (QNA)