The Trump tariffs have disrupted trade flows, leading to increased political and economic ties between Gulf Cooperation Council member states and Asian countries. The Middle Eastern 'pivot' to Asia is evidenced by the growing economic connections and trade between the two regions. The report highlights that Gulf-China trade growth will continue to outstrip trade with the West. The pivot to Asia is driven by hydrocarbons, but there are also areas of cooperation outside of energy. Recent economic deals between the regions include oil and gas exploration concessions, financial center development, and power purchase agreements. The Middle Eastern pivot to Asia is driving renewed European interest in GCC economies, with potential for increased bilateral trade and investment. This shift has significant geopolitical and economic implications worldwide.

Original article source: https://www.arabnews.com/node/2597830
Source Id: 2025-04-696222950