TOKYO — Trade between emerging Asia and the Gulf nations will grow about 60% to $578 billion by 2030, according to a report released last week, reflecting their increasingly closer relationships amid a changing geopolitical landscape.
While Gulf nations are aiming to diversify their economies away from a dependence on oil, they are also seeking to strengthen the security of food and other supplies in the wake of the Russia-Ukraine conflict. The study also points out that such moves by Gulf nations are opening up new opportunities for emerging Asian countries.
