European Commission, GCC Chiefs Affirm EU-GCC Summit Imperative for Growth

BRUSSELS: President of the European Commission Ursula von der Leyen and GCC Secretary General Jasem Al-Budaiwi have emphasized the critical role of the EU-GCC Summit in bolstering growth opportunities between the two regions. According to Kuwait News Agency, during her opening address at the summit, von der Leyen heralded the beginning of a new strategic partnership phase between the EU and GCC, underlining that the security and prosperity of their respective countries are interconnected. She described the summit as a historic event that cements their visions of cooperation for a shared future. Highlighting the indispensable link between security and economic growth, von der Leyen referenced current global conflicts, including the Middle East turmoil and the Russian-Ukrainian war, as significant threats to stability and development in both regions. The European Commission President called for intensified diplomatic efforts to end the dangerous escalation in the Middle East, urging for an immediate ceasefire in the Gaza Strip and Lebanon. She stressed the importance of protecting civilians and diplomats to foster a sustainable security environment and reaffirmed the EU's commitment to supporting peace initiatives aimed at achieving a two-state solution. Von der Leyen also discussed the commitment of both the EU and GCC to the green transition, noting substantial advancements in energy diversification within their economies. She emphasized the need for advanced technologies to support clean technology initiatives, suggesting that with GCC's support, they can fulfill these requirements. She further highlighted the significance of energy partnership in ushering in a new "era" and praised the EU-GCC cooperation in trade and investment, which she termed as the "backbone" of their partnership. However, von der Leyen acknowledged the need for further strategic ties in energy, trade, and technological innovation, including artificial intelligence. On the other hand, Al-Budaiwi reflected on the summit as a demonstratio n of both sides' recognition of the importance of enhancing their political and economic relations. He expressed optimism that this would help achieve their desired objectives and expand their strategic partnership to new levels across various domains. Al-Budaiwi also recalled the foundational 1988 agreement and the 2020-2027 joint action program, marking the enduring strategic partnership and friendly relations between the EU and GCC.