Speaking at the ASEAN-China-GCC Economic Forum 2025, Singaporean Prime Minister Lawrence Wong called for formal cooperation between RCEP and the GCC to deepen economic and trade exchanges across two major blocs.
RCEP brings together 15 members—including 10 ASEAN nations, China, Japan, South Korea, Australia and New Zealand—while the GCC comprises six states: Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Oman and Bahrain. Together, they account for roughly 35 percent of global GDP.
Wong noted that stronger ties between the two groups could unlock significant benefits by promoting investment, lowering trade barriers and reinforcing a rules-based trading framework.
In an era of geopolitical uncertainty and shifting supply chains, the prime minister urged ASEAN and GCC members to forge closer linkages to navigate turbulent markets and drive sustainable growth.
Looking ahead, experts say a structured RCEP-GCC partnership could pave the way for joint initiatives in digital trade, green technology and capacity building—turning shared challenges into new opportunities for businesses and communities worldwide.
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Singaporean PM: RCEP-GCC cooperation constructive for trade system
cgtn.com
