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ASEAN, GCC, China Commit To Strengthen Tripartite Cooperation For Tangible Impact
ASEAN, GCC, China Commit To Strengthen Tripartite Cooperation For Tangible Impact

Barnama

time2 days ago

  • Business
  • Barnama

ASEAN, GCC, China Commit To Strengthen Tripartite Cooperation For Tangible Impact

Prime Minister Datuk Seri Anwar Ibrahim (second, right) with China's Premier Li Qiang (second, left), Vietnamese Prime Minister Pham Minh Chinh (left) and UAE Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi officiating Gala Dinner and inaugurated the ASEAN-Gulf Cooperation Council (GCC)-China Economic Forum 2025, last night. --fotoBERNAMA (2025) COPYRIGHT RESERVED KUALA LUMPUR, May 28 (Bernama) -- ASEAN, the Gulf Cooperation Council (GCC), and China have reaffirmed their shared commitment to deepen cooperation across broad areas, charting a united and collective path toward a peaceful, prosperous, and equitable future. Their leaders, in a joint statement issued after the inaugural tripartite summit in the capital here on Tuesday, reiterated their collective resolve to work hand-in-hand to unlock the full potential of the partnership, and to ensure that this cooperation translates into tangible benefits for the peoples and communities. On economic integration, the leaders commit to enhancing industrial and supply chain resilience and fostering sustainable trade practices for new economic opportunities in potential areas in emerging and future-oriented industries such as the digital and green economy and technologies. They also agreed to explore the establishment of a regional business council to facilitate dialogue between businesses from ASEAN, GCC, and China in supporting enhanced trade and investment flows and the development of regional value chains. Also, to enhance connectivity through promoting high-quality cooperation under the Belt and Road Initiative and sustainable infrastructure development to support interconnected and seamless economic diversification, growth, and long-term sustainability. According to the statement, the leaders agreed to strengthen cooperation on energy security and sustainability through knowledge sharing and collaboration in areas such as renewable and clean energy and green technology. They also pledged to promote environmental sustainability through joint efforts in climate action, disaster management, biodiversity conservation, marine protection, and pollution control, as well as to pursue opportunities in digital innovation and technology by exploring a cross-regional framework and partnerships to promote the digital economy - including digital trade, e-commerce, fintech, and AI. In food and agriculture, the joint statement said the trio parties agreed to explore cooperation in the halal food sector and support efforts to strengthen food security, advancing food trade and agricultural technologies cooperation. They also aimed to forge greater people-to-people understanding through culture, education and high-quality tourism, among others, the statement added.

Li Qiang Highlights Vast Potential For ASEAN-GCC-China Economic Collaboration
Li Qiang Highlights Vast Potential For ASEAN-GCC-China Economic Collaboration

Barnama

time3 days ago

  • Business
  • Barnama

Li Qiang Highlights Vast Potential For ASEAN-GCC-China Economic Collaboration

GENERAL KUALA LUMPUR, May 27 -- From left: China Premier Li Qiang, Vietnamese Prime Minister Pham Minh Chinh, Cambodian Prime Minister Hun Manet, Thailand's Prime Minister Paetongtarn Shinawatra and Oman Deputy Prime Minister Oman's Deputy Prime Minister for International Relations and Cooperation Affairs Sayyid Asaad bin Tarik al Said, attend a Royal Luncheon in conjunction with the 46th ASEAN Summit and Related Summits at Istana Negara, here. -- fotoBERNAMA (2025) COPYRIGHT RESERVED KUALA LUMPUR, May 27 -- China's Premier Li Qiang addressing the Gala Dinner and officiation of the ASEAN-Gulf Cooperation Council (GCC)-China Economic Forum 2025 here tonight. --fotoBERNAMA (2025) COPYRIGHT RESERVED KUALA LUMPUR, May 27 (Bernama) -- Amid a new wave of technological revolution and industrial transformation, Chinese Premier Li Qiang has called on ASEAN and Gulf Cooperation Council (GCC) countries to jointly pioneer core sectors of trilateral development, including cooperation in high-tech industries, while safeguarding industrial and supply chains. Speaking at the ASEAN-GCC-China Economic Forum on Tuesday evening, Li highlighted the rising challenges of protectionism and unilateralism, stressing that the three regions must steadfastly promote openness and eliminate hostility to unlock broader market opportunities. He emphasised that while the combined economic scale of the three regions accounts for about one-quarter of the global economy, their current total trade volume only accounts for approximately 5.4 per cent of global trade, indicating vast room and potential for cooperation. 'This indicates a critical entry point for us to strengthen cooperation and accelerate development,' Li said. Reflecting on public cooperation, he expressed optimism after witnessing vibrant growth during his visit to Malaysia, as well as during his previous trips to the Middle East and Gulf countries last year. Li noted that each country possesses unique strengths, and deeper collaboration can create powerful synergies. 'This collaboration will deliver higher-quality research and development (R&D) support for innovation platforms, a broader range of applied products, and foster the growth of emerging industries and new business models, thereby boosting the trilateral nations' influence and standing in the global innovation landscape,' he said. Using the new energy vehicle (NEV) sector as an example, Li revealed that China's NEV production and sales surpassed four million units between January and April this year. He added that over 80 per cent of China's manufacturing sector now operates under the 'Smart Factory' framework. 'NEVs are not only a triumph of the energy revolution but also an integration of intelligent technologies, serving as a major smart hub that accelerates the development of multiple emerging technologies,' he said.

Businesses Should Seize Opportunities Created By Successful Conclusion Of ASEAN-GCC-China Summit -- PM Anwar
Businesses Should Seize Opportunities Created By Successful Conclusion Of ASEAN-GCC-China Summit -- PM Anwar

Barnama

time3 days ago

  • Business
  • Barnama

Businesses Should Seize Opportunities Created By Successful Conclusion Of ASEAN-GCC-China Summit -- PM Anwar

Prime Minister Datuk Seri Anwar Ibrahim (second, right) with China's Premier Li Qiang (second, left), Vietnamese Prime Minister Pham Minh Chinh (left) and UAE Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi officiating Gala Dinner and inaugurated the ASEAN-Gulf Cooperation Council (GCC)-China Economic Forum 2025, here tonight. --fotoBERNAMA (2025) COPYRIGHT RESERVED By Muhammad Saufee Rosman and Fatin Umairah Abdul Hamid KUALA LUMPUR, May 27 (Bernama) -- Business communities, corporate leaders and industry captains across ASEAN, the Gulf Cooperation Council (GCC) countries, and China should seize the momentum created by the successful conclusion of high-level deliberations at the ASEAN-GCC-China Summit, Prime Minister Datuk Seri Anwar Ibrahim said today. Speaking at the inauguration of ASEAN-GCC-China Economic Forum here tonight, Anwar said that political leaders of the trio had done their part by ensuring policy clarity and regional stability, and it was now up to the private sector to act decisively. 'Because we have given our support, policies, there is clarity of policies. Now, you need to ensure that we benefit from this clear sounding position of the political leadership and clarity of economic policies. 'So, I look forward to this Fortune ASEAN-GCC-China Summit. Because we want to see results and it is your duty now to act and ensure that our countries benefit from one another. 'So much synergy, so much collaboration required and so much hope to fulfil the aspirations of our countries,' Anwar said. Also present to officiate the opening ceremony was China's Premier Li Qiang. Others in attendance were Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi, Foreign Minister Datuk Seri Mohamad Hasan, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Transport Minister Anthony Loke, Home Minister Datuk Seri Saifuddin Nasution Ismail, Health Minister Datuk Seri Dr Dzulkefly Ahmad and Perak Menteri Besar Datuk Seri Saarani Mohamad. Among others present here were Minister of State for Foreign Trade of the United Arab Emirates Dr Thani Ahmed Al Zeyoudi; Saudi Minister of Investment, Khalid Abdulaziz Al-Falih; Vietnam Prime Minister Pham Minh Chinh and Timor-Leste's Minister of Commerce and Industry, Filipus Nino Pereira.

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