Given the stake that both the U.S. and Europe have in stabilising and sustaining global growth, their policies should be aimed at ensuring China, India, and other newly industrialising Asian economies can take up the slack created by the slowdown in OECD economies.

A trilateral initiative by the U.S., China, and India in the Gulf, aimed at facilitating a resolution of historic problems in the region, would benefit global growth and stability.

For China, the GCC countries have emerged as a major market for Chinese manufactured goods and food exports.

Sanjaya Baru Quotes