المملكة: Minister of Foreign Affairs: 21% growth of the volume of trade exchange between the Gulf and the countries of Asian

On behalf of His Royal Highness Prince Muhammad bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, His Highness Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs, participated today, in the second summit between the countries of the Cooperation Council for the Arab Gulf States and the ASEAN Association, hosted by the Malaysian capital, Kuala Lumpur. 2023 AD, and the ambitious partnership between the countries of the two groups, stressing the importance of enhancing joint commitment, following up the exploration of the priorities of economic partnership, deepening the integration and sustainability of regional markets, the importance of digital transformation, the participation of the public and private sectors, and strengthening relations between peoples. To develop the partnership to serve the interests and aspirations of the peoples of the two groups, and achieve sustainable development and regional stability. "Economic relations between our countries provide promising opportunities in many vital sectors that include the financial sector, agriculture and halal food industry, and green and renewable energy, as the two groups have made remarkable progress in the levels of trade exchange and witnessed a growth of 21% from 2023 to 2024 AD, to reach the volume of trade approximately $ 123 billion in 2024 AD; This reflects the great capabilities of our partnership, and highlights the importance of intensifying efforts to facilitate trade between our countries, and overcoming any obstacles before them". The repercussions of climate change and the fluctuations of energy markets, as well as the urgent need to enhance food and water security, noting what was agreed upon at the first summit in Riyadh 2023 with a joint commitment in facing these challenges. International efforts to enhance peace, support humanitarian relief in Gaza, and promote regional stability by dealing with political and human tensions in a comprehensive manner. The General Supervisor of the Ministry of the Ministry for Public Diplomacy Affairs, Ambassador Dr. Abdul Rahman Al -Rasi, the Undersecretary of the Ministry for Economy and Development Affairs Abdullah bin Zaraa, the Undersecretary of the Ministry of Investment for International Relations Sarah Al -Sayed, the Ambassador of the Custodian of the Two Holy Mosques to Malaysia, Assistant Al -Saleem, Ambassador at the Ministry of Foreign Affairs Haitham Al -Maliki, and the director of the Cooperation Council for the Arab Gulf States Anas Al -Wasidi.

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