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Malaysia Dateline
3 days ago
- Business
- Malaysia Dateline
ASEAN-GCC-China: Building resilient trilateral trade architecture
By DATUK PROF DR MOHD FAIZ ABDULLAH IF procrastination is the thief of time, then pussyfooting around the ASEAN-GCC-China Summit agenda might well be wanton heedlessness! Indeed, ASEAN must lead, not wait, because Malaysia is well positioned to set that agenda. While the Kuala Lumpur Declaration on ASEAN 2045 outlines an ambitious vision – a developed ASEAN that is the epicentre of growth in the Indo-Pacific – this aspiration won't come to pass in isolation. As Prime Minister Anwar Ibrahim said, ASEAN's journey 'is a story of cooperation across borders, dialogue across difference and hope across generations.' To rise as an engine of global growth hinges on how ASEAN diversifies its economic linkages, including with the GCC and China. The Joint Statement of the trilateral Summit and the ASEAN-GCC Joint Declaration on Economic Cooperation mark a significant step forward. Both documents lay the foundation for a convergence that could reshape the region's trade architecture and existing economic synergies, through three interconnected tracks: the ASEAN-China Free Trade Area (ACFTA) 3.0 Upgrade, the ASEAN-GCC FTA, and indirectly, the China-GCC FTA. Each agreement is progressing at a different pace. The ACFTA 3.0 is nearing completion, incorporating new-generation chapters on digital trade, competition, green economy and regulatory coherence. On the other hand, the China-GCC FTA, long under negotiation, is close to finalisation. Meanwhile, the ASEAN-GCC FTA is at the feasibility study stage while negotiations will be launched soon. It gives ASEAN and the GCC a rare opportunity to draw on the structure and substance of the other two negotiations and design an agreement that bridges the earlier two initiatives. The sequencing could, in fact, work tremendously in favour of ASEAN, positioning it as the central node in a new trade framework. What is often overlooked is that these are not discrete bilateral tracks. Rather, they weave a coherent structure connecting Southeast Asia, the Gulf and China, three of the world's most dynamic economic blocs. Such a scheme could lend further credence to the rules-based multilateral trading system, which, in Anwar's words, is being subjected to 'the onslaught of arbitrary imposition of trade restrictions.' It would also provide greater certainty and predictability for investors, and institutionalise ASEAN's centrality in the evolving global trade order. The economic logic is compelling and the numbers are convincing. The GCC was ASEAN's seventh-largest trading partner in 2022, with trade totalling USD130.7 billion, and is projected to grow at 30% annually. ASEAN-China trade surpassed USD722 billion in 2022, making China ASEAN's largest trading partner for the past 14 consecutive years. These relationships already run deep. What is missing is strategic coherence, something the trilateral FTA configuration could decisively address. Woven into such an arrangement must be substantial commitments in key growth sectors such as Islamic finance, digital economy, and renewable energy which offer mutual benefits and long-term dividends. Introducing them explicitly into such an FTA would mark a refreshing departure from conventional trade accords, not to mention create a more innovative partnership. Naturally, working together on currency settlements, cross-border payments, and sovereign wealth fund linkages could further strengthen financial resilience. Malaysia, as ASEAN Chair, has already taken the lead. We are pushing for the early conclusion of ACFTA 3.0, supporting a clear timeline for ASEAN-GCC FTA negotiations, while advancing the formation of a permanent mechanism that would co-ordinate the multiple trade tracks strategically. Additionally, setting up a regional business council could ensure private sector alignment, enabling businesses to benefit from this evolving topography. While some noted the absence of several GCC Heads of State at the Summit, the GCC was nonetheless robustly and adequately represented, underscoring institutional earnestness. Premier Li Qiang's attendance, meanwhile, is a clear signal of China's commitment. If a picture paints a thousand words, then the appearance of ASEAN leaders being flanked by GCC leaders, clad in traditional Arab attire, on one side and those from the Chinese side on the other, does make for amazing optics! Granted while faith may move mountains, looks alone won't. But add in the substantive discussions and professed undertakings, we are looking at a level of engagement that must perforce inspire ASEAN to seize the moment. The coming decade will not be shaped by more of the same. It will be shaped by those who can integrate across fault lines, build resilient frameworks, and champion multilateralism with a powerful sense of purpose. A trilateral trade architecture linking ASEAN, the GCC and China is not just about trade flows. It is a strategic bet on a more cohesive, rules-based and opportunity-rich regional order. The ball's in ASEAN's court. And Malaysia, as Chair, must hit it! * Writer is Chairman, Institute of Strategic and International Studies (ISIS) Malaysia
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Qatar Living
27-05-2025
- Business
- Qatar Living
HH The Amir's visit to Malaysia will forge stronger Qatar-ASEAN ties
In another context, HE Ambassador of Malaysia to the State of Qatar Mohammad Faizal Razali said that the ASEAN-GCC-China Summit stands as a significant milestone in ASEAN's engagement with external partners, as this trilateral gathering unites three of the world's most vibrant regions - Southeast Asia, the Gulf, and China - at a time when global economic uncertainty and strategic competition are intensifying. His Excellency noted that the Summit will focus on strengthening economic resilience and shared prosperity, complementing ongoing cooperation in areas such as trade and investment, energy, agriculture, food security, capacity building, and connectivity development. Potential collaboration among ASEAN, the GCC, and China spans a wide range of economic and strategic sectors. Key priorities include deepening economic cooperation to enable smoother flows of capital, goods, and services, as well as supporting market access across the three regions. There is also a strong focus on creating synergies to foster long-term economic growth, sustainability, and resilience, particularly through advancing the energy transition. This includes the development of low-carbon and clean energy technologies, improving energy efficiency, and expanding renewable and alternative energy sources—areas that are especially important for ASEAN, His Excellency said. His Excellency also touched on the inaugural ASEAN-GCC Summit which was held in Riyadh in 2023, marking a historic milestone in relations between the two blocs. He noted that a Joint Statement was adopted to set the stage for enhancing and expanding their partnership. This framework aims to leverage growth opportunities through closer cooperation, guided by shared aspirations for the future and the principles of the United Nations Charter. He added that the Leaders welcomed the ASEAN-GCC Framework of Cooperation (FOC/ 2024-2028), which outlines measures and cooperation activities to be jointly undertaken by ASEAN and the GCC in the areas of common interest and for mutual benefit. The Ambassador also said that the 2nd ASEAN-GCC Summit in Kuala Lumpur is poised to emphasize the expansion and deepening of cooperation between ASEAN and the GCC across a range of priority areas such as strengthening economic partnerships, improving market access, and ensuring the smooth flow of goods, services, and investments. Enhanced collaboration in fields such as energy, infrastructure, food security, and technology are anticipated, building on the progress achieved at the first summit in Riyadh in 2023. Regarding cultural and educational collaboration between Malaysia and Qatar, this sector has seen encouraging growth over the years driven by our shared values, strong people-to-people ties, and a mutual dedication to advancing intellectual and cultural exchange. In the realm of education, there is an increasing number of Qatari students who are choosing Malaysia for their higher education, drawn by the quality and diversity of academic institutions in Malaysia. At the same time, universities and colleges from both nations are pursuing joint research initiatives, faculty exchanges, and student mobility programs, His Excellency explained. These collaborative efforts not only raise educational standards but also support the development of a knowledge-driven economy in both countries, through various bilateral agreements and memoranda of understanding between both countries' universities, he added. On the cultural front, both countries have actively worked to enhance understanding and appreciation of each other's rich traditions. This is evident through participation in cultural exhibitions, film festivals, and traditional performances, all of which have fostered closer connections and deepened mutual respect between two communities, he said. In another context, the Malaysian Ambassador to Qatar said that the primary focus of the ASEAN-GCC-China Summit is to review the Framework of Cooperation (FOC) for 2024–2028. Accordingly, discussions are anticipated to encompass a broad range of areas, including political and security collaboration, economic and investment partnerships, tourism, energy, food and agricultural security, as well as social and cultural cooperation. Concluding his interview with Qatar News Agency (QNA), HE Ambassador of Malaysia to the State of Qatar Mohammad Faizal Razali said that the Malaysia-GCC Free Trade Agreement is expected to be officially launched at the summit through a Joint Statement between Malaysia and the GCC. This FTA is poised to serve as a pivotal instrument in strengthening economic ties between Malaysia and the GCC, establishing a foundation for sustained and mutually advantageous cooperation. It will also facilitate increased trade and investment flows and broaden economic engagement beyond traditional sectors. --- Make sure to check out our social media to keep track of the latest content. Instagram - @qatarliving X - @qatarliving Facebook - Qatar Living YouTube - qatarlivingofficial
Qatar Living
27-05-2025
- Business
- Qatar Living
HH The Amir's Malaysia visit intended to enhance Qatar-ASEAN ties
In another context, HE Ambassador of Malaysia to the State of Qatar Mohammad Faizal Razali said that the ASEAN-GCC-China Summit stands as a significant milestone in ASEAN's engagement with external partners, as this trilateral gathering unites three of the world's most vibrant regions - Southeast Asia, the Gulf, and China - at a time when global economic uncertainty and strategic competition are intensifying. His Excellency noted that the Summit will focus on strengthening economic resilience and shared prosperity, complementing ongoing cooperation in areas such as trade and investment, energy, agriculture, food security, capacity building, and connectivity development. Potential collaboration among ASEAN, the GCC, and China spans a wide range of economic and strategic sectors. Key priorities include deepening economic cooperation to enable smoother flows of capital, goods, and services, as well as supporting market access across the three regions. There is also a strong focus on creating synergies to foster long-term economic growth, sustainability, and resilience, particularly through advancing the energy transition. This includes the development of low-carbon and clean energy technologies, improving energy efficiency, and expanding renewable and alternative energy sources—areas that are especially important for ASEAN, His Excellency said. His Excellency also touched on the inaugural ASEAN-GCC Summit which was held in Riyadh in 2023, marking a historic milestone in relations between the two blocs. He noted that a Joint Statement was adopted to set the stage for enhancing and expanding their partnership. This framework aims to leverage growth opportunities through closer cooperation, guided by shared aspirations for the future and the principles of the United Nations Charter. He added that the Leaders welcomed the ASEAN-GCC Framework of Cooperation (FOC/ 2024-2028), which outlines measures and cooperation activities to be jointly undertaken by ASEAN and the GCC in the areas of common interest and for mutual benefit. The Ambassador also said that the 2nd ASEAN-GCC Summit in Kuala Lumpur is poised to emphasize the expansion and deepening of cooperation between ASEAN and the GCC across a range of priority areas such as strengthening economic partnerships, improving market access, and ensuring the smooth flow of goods, services, and investments. Enhanced collaboration in fields such as energy, infrastructure, food security, and technology are anticipated, building on the progress achieved at the first summit in Riyadh in 2023. Regarding cultural and educational collaboration between Malaysia and Qatar, this sector has seen encouraging growth over the years driven by our shared values, strong people-to-people ties, and a mutual dedication to advancing intellectual and cultural exchange. In the realm of education, there is an increasing number of Qatari students who are choosing Malaysia for their higher education, drawn by the quality and diversity of academic institutions in Malaysia. At the same time, universities and colleges from both nations are pursuing joint research initiatives, faculty exchanges, and student mobility programs, His Excellency explained. These collaborative efforts not only raise educational standards but also support the development of a knowledge-driven economy in both countries, through various bilateral agreements and memoranda of understanding between both countries' universities, he added. On the cultural front, both countries have actively worked to enhance understanding and appreciation of each other's rich traditions. This is evident through participation in cultural exhibitions, film festivals, and traditional performances, all of which have fostered closer connections and deepened mutual respect between two communities, he said. In another context, the Malaysian Ambassador to Qatar said that the primary focus of the ASEAN-GCC-China Summit is to review the Framework of Cooperation (FOC) for 2024–2028. Accordingly, discussions are anticipated to encompass a broad range of areas, including political and security collaboration, economic and investment partnerships, tourism, energy, food and agricultural security, as well as social and cultural cooperation. Concluding his interview with Qatar News Agency (QNA), HE Ambassador of Malaysia to the State of Qatar Mohammad Faizal Razali said that the Malaysia-GCC Free Trade Agreement is expected to be officially launched at the summit through a Joint Statement between Malaysia and the GCC. This FTA is poised to serve as a pivotal instrument in strengthening economic ties between Malaysia and the GCC, establishing a foundation for sustained and mutually advantageous cooperation. It will also facilitate increased trade and investment flows and broaden economic engagement beyond traditional sectors. --- Make sure to check out our social media to keep track of the latest content. Instagram - @qatarliving X - @qatarliving Facebook - Qatar Living YouTube - qatarlivingofficial
Barnama
23-05-2025
- Business
- Barnama
Preparatory Meetings Reflect A Strong Desire To Take ASEAN-GCC-China Ties To A Higher Level
GENERAL By Vikneswaran Raman KUALA LUMPUR, May 23 (Bernama) -- Today's preparatory meetings to finalise the agenda for the 46th ASEAN Summit and Related Summits clearly reflected a strong desire for a strategic cooperation among Southeast Asia, the six oil-rich Gulf Cooperation Council (GCC) countries and economic superpower China. Foreign Ministry Secretary-General Datuk Seri Amran Mohamed Zin told reporters here that officials were bent on preparing documents that would produce meaningful results to take cooperation among the three parties to a significantly higher level. 'Today's meetings reflected a strong collective commitment to produce concrete and meaningful outcome documents,' he told reporters after chairing the ASEAN-GCC-China Senior Officials Preparatory Meeting. He said discussions focused on formulating results that reflect both the achievements and future direction of strategic cooperation among them, especially taking into account the geopolitical challenges in the international arena. Besides meetings to prepare for the ASEAN summit, the officials finalised documents for the 2nd ASEAN-GCC Summit and the inaugural ASEAN-GCC-China Summit to be held on May 26 and 27 at the Kuala Lumpur Convention Centre here. The preparatory meetings today began with meetings of the Committee of Permanent Representatives to ASEAN (CPR) Meeting and the ASEAN Senior Officials Preparatory Meeting in the morning, followed by the ASEAN-GCC Senior Officials Preparatory Meeting in the afternoon. He said the ASEAN-GCC Summit is expected to yield two key documents, namely the Joint Statement and Joint Declaration, while the ASEAN-GCC-China Summit will produce the Joint Statement of the ASEAN-GCC-China Summit -- both of which bode well in achieving balanced and mutually beneficial outcomes that enhance regional stability and prosperity.
Barnama
23-05-2025
- Business
- Barnama
Prep-SOM Meetings Stress Need For Solid Outcome Documents, Show Constructive Spirit
KUALA LUMPUR, May 23 (Bernama) -- The ASEAN Senior Officials' Preparatory Meeting (Prep-SOM), the ASEAN-Gulf Cooperation Council (GCC) SOM Preparatory Meeting and the ASEAN-GCC-China Preparatory Meeting today witnessed a strong collective commitment to produce concrete and meaningful outcome documents. Foreign Ministry secretary-general Datuk Seri Amran Mohamed Zin said the central focus of the discussions was the need to formulate an outcome document that reflects the achievements and future directions of strategic cooperation between ASEAN, GCC and China. 'We need to pay attention to finer details of issues to be included in the outcome document. 'This will require negotiations, but all parties from ASEAN, GCC and China have shown constructive spirit to secure a successful outcome from upcoming summits,' he told reporters after chairing the ASEAN-GCC-China SOM Preparatory Meeting at the Kuala Lumpur Convention Centre here. He said this augurs well for both platforms – ASEAN-GCC and ASEAN-GCC-China – to achieve balanced and beneficial outcomes that not only serve all parties but also strengthen regional stability and prosperity. 'The three meetings focused on two main aspects, namely the order of proceedings for both summits and in-depth discussions on the outcome documents. 'The ASEAN-GCC Summit is expected to produce two outcome documents, namely the Joint Statement and Joint Declaration, while the ASEAN-GCC-China Summit will yield one key document, which is the Joint Statement of the ASEAN-GCC-China Summit. 'At the senior officials' level, efforts are underway to finalise negotiations on all three outcome documents,' said Amran. The Prep-SOM is a key coordination meeting held prior to the Senior Officials Meeting (SOM) and ministerial or summit-level discussions. It plays a crucial role in detailing matters before formal negotiations or announcements take place.
