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ASEAN Summit with Gulf Nations and China Aims to Strengthen Economic Resilience Amid US Tariff Threats

ASEAN leaders meet with Gulf nations and China to enhance economic ties and resilience against US tariffs, marking a significant diplomatic effort.

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Overview

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The ASEAN summit in Kuala Lumpur convenes leaders from Southeast Asia, China, and the Gulf Cooperation Council to discuss economic resilience amid US tariff threats. Malaysian Prime Minister Anwar Ibrahim emphasized the importance of collaboration to navigate global economic challenges. The summit aims to deepen ties and promote trade, as the GCC is ASEAN's seventh largest trade partner. With rising protectionism, ASEAN seeks to diversify its economic relationships, particularly with China, while maintaining a neutral stance in US-China tensions. The meeting highlights the shifting geopolitical landscape and the need for multilateral cooperation.

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Analysis

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  • The articles highlight a positive sentiment towards the ASEAN summit with Gulf nations and China.
  • Leaders express optimism about economic cooperation despite U.S. tariff threats.
  • The focus is on building stronger regional ties and navigating global trade challenges.

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FAQ

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The ASEAN, GCC, and China collectively represent a combined GDP of US$24.87 trillion and a population of approximately 2.15 billion, offering vast opportunities for market synergies and innovation.

Trade between ASEAN and China has more than doubled since 2010, from US$235.5 billion to US$507.9 billion in 2019, and in the first quarter of 2025 alone, it exceeded RM1 trillion.

China is ready to work with ASEAN and the GCC to leverage synergy for shared development and prosperity. China and ASEAN have completed negotiations on the upgraded version 3.0 of the Free Trade Area agreement, and they look forward to concluding a China-GCC Free Trade Agreement.

History

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  • This story does not have any previous versions.