ASEAN summit starts in Myanmar

Image
IANS Nay Pyi Taw
Last Updated : May 11 2014 | 10:50 AM IST

The 24th ASEAN leaders' meeting started here Sunday, an event that Myanmar President U Thein Sein described as a symbol of "unity and dedication for building a better future for the region and the people".

"It also reflects the importance that we attach to our collective and coordinated endeavours to promote peace, stability, and economic prosperity of our region, and the well-being of our people," the president said in his speech.

Themed as "Moving forward in Unity to a Peaceful and Prosperous Community", the summit is expected to review the progress towards the realisation of the Association of Southeast Asian Nations (ASEAN) Community by the end of 2015 and discuss ways to overcome challenges in the process of economic integration.

Noting there are only one-and-a-half years ahead, U Thein Sein stressed it was imperative to take a comprehensive review on the implementation of the blueprints for ASEAN Community, and to ensure that the targets were fully realised in the community building process, Xinhua reported.

"We are at a critical juncture and we need to make sure that all necessary steps in community building are taken in a timely manner for the realisation of the ASEAN Community," he said.

The leaders will also deliberate the ASEAN Community Post-2015 vision, and reiterate ASEAN commitment in its collective efforts for a single market and production base.

"It is also equally important to map a clear direction for the ASEAN Community beyond 2015 to keep it relevant to the changing global environment," the president said.

In this regard, ASEAN leaders should take into consideration the changing political environment and socio-cultural developments of the region and the world, he added.

Created in 1967, ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Myanmar, which holds the ASEAN rotating presidency this year, is hosting the ASEAN summit for the first time since it joined the regional bloc in 1997.

The ASEAN Community comprises three pillars, namely the ASEAN Political-Security Community, the ASEAN Economic Community and the ASEAN Socio-Cultural Community. Each pillar has its own blueprint, and together with the Initiative for ASEAN Integration (IAI) Strategic Framework and IAI Work Plan Phase II (2009-2015), they form the roadmap for the ASEAN Community (2009-2015).

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 11 2014 | 10:44 AM IST

Next Story