The ASEAN bloc is initiating its first three-way summit with China and the Gulf Cooperation Council (GCC) to fortify their economies against U.S. tariffs. Malaysian Prime Minister Anwar Ibrahim highlighted this meeting's significance, which follows previous discussions between the ASEAN and GCC leaders, aiming to enhance collaboration and resilience amidst a complex global landscape marked by economic instability. The summit underscores the transitional geopolitical order and the strain on the global trading system, exacerbated by rising protectionist measures.
The ASEAN-GCC summit marks a significant step in enhancing interregional collaboration, as Southeast Asian leaders aim to insulate their economies from rising protectionism.
Malaysian Prime Minister Anwar Ibrahim emphasized the importance of stronger ASEAN-GCC ties for building resilience against economic uncertainty and geopolitical challenges.
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