Middle East Trade With Asia Set to Outstrip Its Trade With the West by 2027

The trade between the Middle East and China is growing faster than the overall trade between the Gulf region and the West and the Gulf-China trade is set to eclipse the Middle East’s trade with the West in 2027, think tank Asia House said in a report on Thursday. “Assuming both trade relationships continue expanding at 2010-2023 rates, Gulf-China trade will overtake Gulf-West trade in 2027,” the authors of the report wrote in their outlook. Trade growth between the Gulf countries and emerging markets in Asia has been exceeding…