Second Al -Zyoudi participates in the first economic forum of the League "Asian" And the Gulf Cooperation Council and China
Kuala Lumpur, May 27/ WAM/ The UAE continues to explore the opportunities to expand its Asian business partners’ network to establish its position as a global engine for economic growth.
His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade, participated in the first economic forum between the Association of Southeast Asian Countries “Asian” and the Gulf Cooperation Council and China, held in the Malaysian capital, Kuala Lumpur.
His Excellency Dr. Thani Al -Zyoudi stressed that strengthening cooperation along the Asian continent can contribute to accelerating growth, advancing innovation, and consolidating the region’s position as an emerging global economic power.
His Excellency renewed the UAE’s commitment to building strong partnerships in the fields of trade and investment worldwide, noting that the countries of Asian with future visions are a natural partner in these endeavors.
In the presence of a high -level ministerial, business leaders and representatives of major companies and the private sector participated from 17 countries in the forum hosted by the Malaysian capital, Kuala Lumpur, where they discussed ways to enhance cooperation to keep pace with the current economic and geopolitical challenges.
The forum witnessed the adoption of a number of initiatives aimed at supporting economic cooperation, developing trade exchange, and increasing investment flows between the participating countries.
His Excellency Dr. Thani Al -Zyoudi said, “The forum constituted an important opportunity for the participating countries to unify their economic visions and achieve sustainable growth, noting that” strengthening ties and exploring the areas of joint cooperation between the Gulf Cooperation Council countries and China and the ASEAN association that would not only support continuous growth paths, but also to make this partnership a major driver for the global economy. ”
His Excellency added: “The UAE’s policy in the field of foreign trade is based on enhancing integration with Asian markets, stressing that joint cooperation provides wide opportunities to increase goods and services flows, support biomedical infrastructure projects, exchange knowledge, and accelerate innovation.”
He pointed out that the forum emphasized the size of these capabilities, and established an active platform to enable the countries of the region with rapid growth to achieve them. The UAE has positive relations in the fields of trade and investment with Asian countries, including ASEAN’s bond countries.
The UAE has concluded comprehensive economic partnership agreements with “CEPA” with Indonesia, Cambodia, Vietnam and Malaysia, which contributed to raising the volume of non -oil foreign trade between the UAE and ASEAN to 37.7 billion US dollars in 2024, with a growth of 4.2% compared to 2023, and an increase of 16.8% compared to 2022.
ASEAN countries accounted for 4.6% of the total non -oil Emirates trade with the world in 2024, and 11.3% of their trade with non -Arab Asian countries.
The UAE also has strong relations in the fields of trade and investment with China, as the total value of non -oil trade between the two countries amounted to 90.1 billion US dollars in 2024, recording 4% growth compared to 2023, and an increase of 16.5% and 48% compared to the year 2022 and 2021, respectively.
China maintained its position as the largest commercial partner of the UAE in 2024, as it constituted 11% of the total non -oil country trade with the world.
The forum was held in conjunction with the opening summit between ASEAN and the Gulf Cooperation Council and China, the second summit between ASEAN and the Cooperation Council, and the forty -sixth summit of the Association of Southeast Asian Countries “Asian”.
The forum gathered leaders and representatives of China and the ten members of ASEAN – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam – alongside the six member states of the Gulf Cooperation Council – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the Emirates.
These countries combined more than two billion consumers, and contribute more than 20% of global GDP.
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