The 2nd ASEAN-GCC Summit in Kuala Lumpur is stirring up excitement as leaders focus on boosting inter-regional collaboration and building resilience amid global uncertainties. Malaysian Prime Minister Anwar Ibrahim kicked off the summit with a clear message: our regions have the power and responsibility to act as anchors of stability in an ever-changing world. 🚀
Since the inaugural summit two years ago, ASEAN and the GCC have made impressive strides in political-security, economic, and socio-cultural cooperation. Now, amid economic uncertainty and complex geopolitical challenges, there’s a renewed push to turn vision into action – from ramping up trade and investment to advancing innovation and addressing climate change.
Crown Prince of Kuwait Sheikh Sabah Al-Khaled Al-Sabah highlighted the immense growth potential, noting the GCC is ASEAN’s 7th largest trading partner. With 2023 trade volume at $130.7 billion and projections to reach $180 billion by 2032, the opportunities for business and cultural exchange are enormous. This reinforces a future where sustainable and inclusive growth becomes the norm.
The summit also tackled the sensitive issue of navigating U.S. trade tariffs, with Southeast Asian members agreeing on a balanced approach that protects all partners’ interests. This spirit of collaboration is exactly what our fast-paced, interconnected world needs! 🌏🤝
Overall, the summit underscores that unity and smart cooperation can drive real change, empowering regions to thrive even in turbulent times. It’s a dynamic chapter in our shared journey toward a resilient and prosperous future.
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2nd ASEAN-GCC Summit boosts inter-regional ties, resilience building
cgtn.com
