ASEAN-GCC Trade Hits Record High at Successful Kuala Lumpur Summit

ASEAN-GCC Trade Soars to Record \$130.7 Billion; Summit Emphasizes Inclusivity and Sustainability Kuala Lumpur, Malaysia – The 2nd ASEAN-GCC Summit concluded successfully in Kuala Lumpur on May 27, 2025, celebrating a landmark achievement in trade relations between the two regions. Trade volume between ASEAN and the GCC reached a record high of US\$130.7 billion in 2023, reflecting the growing confidence and strong partnership between the two blocs. The summit, chaired by Malaysian Prime Minister Anwar Ibrahim, focused on the theme of "Inclusivity and Sustainability." This theme underscored the commitment of both ASEAN and GCC to fostering a collaborative and sustainable future. During the summit, Prime Minister Ibrahim stated, "ASEAN-GCC relations will be key in enhancing interregional collaboration, building resilience, and securing sustainable prosperity for all." The summit also included discussions on leveraging new technologies, including digital advancements and AI, to enhance economic growth and stability. The meeting showcased a united front in promoting economic growth and cooperation. The record trade figures and the emphasis on sustainability signal a bright future for ASEAN-GCC relations, promising continued prosperity and collaborative efforts in the years to come.