Not so long ago, trade between the Gulf region and Asia was a fairly simple affair. Energy in the form of oil and gas flowed east, and to pay for it all, capital flowed west.
But in recent years, simplicity has given way to complexity and to greater flows of capital than ever before. Trade between the two regions “is set to soar in coming years, expanding well beyond energy,” according to a May 2 research note written by HSBC’s chief Asia economist, Frederic Neumann.
Neumann’s team believes the annual two-way flow of goods and services will more than double between 2022 and 2035, to $1.9
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