Core Points - The ASEAN-China-GCC summit joint statement emphasizes the commitment to leverage the complementarity of ASEAN, China, and the GCC to enhance economic cooperation [1] - The completion of negotiations for the upgrade of the China-ASEAN Free Trade Area 3.0 is welcomed, with expectations for the early signing and implementation of the upgraded protocol [1] - There is an anticipation for the timely completion of negotiations for the China-GCC Free Trade Agreement [1] - The establishment of a regional business council is being explored to promote dialogue among enterprises from the three parties, enhance trade and investment flows, and develop regional value chains [1] - The joint statement includes an exploration of cooperation in local currencies and cross-border payment systems [1]