PM Anwar proposes Asean-GCC comprehensive economic partnership agreement


RIYADH: Prime Minister Datuk Seri Anwar Ibrahim proposed an Asean-Gulf Cooperation Council (GCC) Comprehensive Economic Partnership Agreement (Cepa) to maximise the economic potential of both regions.

He said the challenges posed by the current geopolitical climate require the 10-member bloc and the Middle East to reimagine economic cooperation between them.

“We need to transform Asean-GCC relations to maximise the economic potentials of our combined regions. Malaysia is committed to doing just that,” he said at the inaugural Asean-GCC Summit here Friday (Oct 20).

In this regard, Malaysia has proposed Cepa, an agreement that is crucial in advancing progressive, inclusive and sustainable growth especially as the regions recover from the Covid-19 pandemic and face geo-political uncertainties.

“It will be the first-ever free trade agreement between Asean and the Middle East,” he said.

New era of Asean-GCC cooperation

On the summit, Anwar, who is also the Finance Minister, said it signifies that the relations between both regions are at the threshold of a new era of cooperation.

According to him, the Asean-GCC relations have grown by leaps and bounds since they first formalised relations in 1990.

“We have raised the level of ambition in our relations with the GCC,” he said when addressing the summit.

The historic summit was officiated by Saudi Crown Prince Mohammed bin Salman. Indonesian President Joko Widodo, who led Asean this year, co-chaired the summit with the Crown Prince.

The leaders summit brought together the two prominent blocs made up of the 10 Asean member states and six members of the GCC - Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Bahrain and Oman.

Anwar said the adoption of the Joint Statement of the summit and the accompanying Framework of Cooperation would be a testament to Asean-GCC relations.

“The sheer scale of our matured, expanse relations is reflective in the plethora of issues as contained in the adopted documents,” he added. — Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Bernama, China Media Group exchange MOU to strengthen media cooperation
Anwar, Li witness exchange of documents on BRI cooperation plan
Elderly vegetable trader loses RM274,000 to scam syndicate
Typhoon Kristine mission: 16 Malaysian Air Force officers, personnel return home safely
Perlis Mufti sues Facebook account holder for alleged GISB related defamatory statements
Plans to amend Registration of Criminals and Undesirable Persons Act underway, says Saifuddin
Appeals Court dismisses man’s appeal to claim RM29,000 in unpaid salary from company
Lawmaker sheds tears in Parliament, calls fellow MPs to be empathetic
More than 20 elderly folks abandoned outside NGO in Penang
Overbearing ‘joke’ identified as possible motive in UPNM bullying case, says KL top cop

Others Also Read