Myanmar President urges Asia and Europe to emphasize stronger monetary and investment regulations

President U Thein Sein with leaders of Asian and European countries at 10th Asia-Europe Meeting in Milan.
President U Thein Sein with leaders of Asian and European countries at 10th Asia-Europe Meeting in Milan.

President U Thein Sein attended the 10th Asia-Europe Meeting (ASEM), which kicked off in Milan, Italy, on 16 October, following an informal meeting of leaders from the European Union and the Association of Southeast Asian Nations, sources said.
At the informal meeting, President U Thein Sein reiterated that coordination meetings between the ASEAN and the EU took place in the capital city of Nay Pyi Taw in Myanmar in September 2014 to discuss the establishment of the ASEAN Connectivity, which he said is vital to the establishment of the ASEAN Economic Community.
President U Thein Sein appreciated EU’s cooperation in the Master Plan on ASEAN Connectivity, noting that ASEAN is the third biggest trade partner of the EU and vice versa and stressing the need to maintain the existing correlation.
The president also said that Myanmar was happy with the opportunity to work with the European Union.
At 2 pm, President U Thein Sein arrived in MiCo Conference Centre, where the 10th ASEM took place. On arrival, President U Thein Sein was welcomed by Italian Prime Minister Mr Matteo Renzi, President of the European Union Mr Herman Van Rompuy and President of the European Commission Mr José Manuel Barroso.
EU President Mr Herman Van Rompuy, Laotian Prime Minister Mr Thongsing Thammavong, Mongolian President Mr Tsakhiagiin Elbegdorj, Italian Prime Minister Mr Matteo Renzi and Malaysian Prime Minister Mr Dato’ Sri Mohammad Najib Tun Razak delivered addresses at the summit.
The meeting discussed further strengthening of economic and financial cooperation between Asia and Europe.
President U Thein Sein called for the two regions to focus on stronger monetary and investment regulations and strive for the development of small- and medium-sized enterprises to improve the socioeconomic status of people.
The president extended invitations to European countries to invest in the Dawei deep-sea port project and the Kyaukphyu deep-sea port project.
The president also attended a dinner hosted by Italian President Giorgio Napolitano at the Palazzo Reale, in honour of the leaders from Asian and European countries.
Organized by Singapore, the first Asia-Europe Meeting was held in Bangkok, Thailand, in 1996. Asia and Europe host the ASEM alternatively every two years. The ASEM drew 30 European countries, 19 Asian countries, the European Union and the ASEAN Secretariat, all of which are members of the ASEM.

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