About Summit

Statement by H. E. Mr. KIM Kyou-hyun
Deputy Minister of Foreign Affairs
Republic of Korea

 

Allow me to first express my deepest gratitude to His Highness the Amir of the State of Kuwait, His Highness the Prime Minister, and all the officials of the Government of Kuwait for all the efforts they have made to host the historic 1st Asian Cooperation Dialogue (ACD) Summit.

Furthermore, I would like to extend appreciation to Thailand, who as the coordinating country for the ACD, continues to provide fresh ideas for the progress of this pan-Asian dialogue. Let me also welcome Afghanistan, our new ACD member country.

Mr. Chairman, ACD Delegations,

As we celebrate the 10th Anniversary of ACD, it is timely and meaningful to take stock of the past 10 years and discuss the way ahead for the ACD. Reaffirming that the Republic of Korea always stands ready to actively participate in efforts to promote the cooperation and integration of Asia, let me highlight the areas that are of highest interest for us and where we can make the most contribution.

First, I'd like to call your attention to intra-regional economic cooperation.

The Asian region has risen to greater prominence as it successfully overcame the 2008 global financial crisis. However, the Euro zone crisis continues to affect the emerging economies of Asia in such a way as to slow down their economic growth.

In order to be better prepared against highly contagious regional or global crisis, Asian countries should make further efforts to build a proactive intra-regional mechanism and an intra-regional financial safety net in particular. In East Asia, the ASEAN+ 3 - that is, 10 ASEAN countries plus the ROK, China, and Japan - has made quite substantial achievements in promoting intra-regional financial safety net. Among such achievements are the recent doubling of CMIM size from 120 billion USD to 240 billion USD and the introduction of crisis prevention programs. The ACD should seek ways to apply this experience to the entire Asian region.

Meanwhile, sustained growth is a pre-condition for the Asian countries and to continue playing the role of locomotives in the global economy. And key to such sustained growth is to narrow the development gaps within the region. With this kept in mind, the Republic of Korea is seeking common prosperity and stability of Asia by engaging in projects that enhance connectivity among Asian countries and reduce the developments gaps.

As software infrastructure such as systems and technologies are important aspects of connectivity, the ROK, the prime mover of the IT sector, has been sharing knowledge and experience with other ACD countries pursuing economic growth through information and communication technology. Korea will continue to implement the existing programs and projects, and ex lore new ones in order to bridge the intra-regional digital divide.

Mr. Chairman, ACD delegations,

The Asian region has witnessed remarkable economic growth. However, to ensure that this growth is sustainable, we need to create synergistic effect between growth and environment In this context, the Republic of Korea set "'green growth" as its national vision in 2008 and has since worked on green growth policies and ways to strengthen global cooperation in the area of environment.

In an effort to support the 18th Conference of the Parties to the Framework Convention on Climate Change to be held this November in Doha, the ROK will co-host with Qatar the Pre-COP in Seoul. Let me, if I may, invite once again all the relative countries to actively participate in both the Pre-COP and the COP.
The ROK has also established the Global Green Growth Institute, which became an international organization this month, to support the green growth policies of developing countries. For the GGGI to serve as a "Think and Act Tank", your attention and support will be requested.

Furthermore, Korea is seeking to host the secretariat of the Green Climate Fund, or GCF, which will be in charge of financing developing countries for the reduction of greenhouse gas and adaptation to climate change. I'd like to seek your attention and support.

Mr. Chairman, ACD delegations,

Food security is one of the most critical issues for the Asian region, home to 60% of the global population. The sharp rise in grain prices is threatening global food security. According to the OECD and the FAO reports this upward trend of grain prices is expected to continue for the next ten years.
In order to stabilize grain prices, President Lee Myung-bak proposed at the APEC Summit last month international cooperation to, among others, prohibit export ban on grains and change current bio fuel policies. The Korean Government looks forward to more active information and technology exchange as well R&D and policy coordination among ACD countries in this regard.

The repercussion effect of climate change and natural disasters tend to multiply in Asia. This calls for close cooperation among regional countries for disaster management. Strong earthquakes in Iran this August and in China this September claimed the lives of many.

The natural disasters in Asia are possibly related with the climate change, and we will probably have to respond to more and bigger disasters in the future. It is about the time that we also consider the institutionalization of disaster management cooperation within the ACD framework.

Lastly, I would like to express our sincere appreciation to Kuwait and Thailand and all those who have worked so hard in their efforts for the adoption of the 1st ACD Summit Communiqué.

I note that this Communiqué, grounded in firm respect for cultural and religious diversity, sets out concrete measures and principles relating to the issues facing the region. In particular, I welcome the establishment, a decade since the launch of the ACD, of the Working Group proposed by Kuwait, Thailand and Tajikistan with a view to further deepening the cooperation within the ACD framework.

Mr. Chairman, distinguished delegates,

According to the World Bank's East Asia & Pacific Update, the average growth rate of East Asian countries for this year is a surprising 8.2% despite the global financial crisis. The CIA World Fact book shows that one fourth of the world's natural gas is in Central Asia and that the seven Middle East countries own 40% of the known oil reserves.

The ACD comprises these member states with huge potentials and capacity. If the member states c90perate more effectively with one another within a more institutionalized framework and thereby maximize the Asian capacity, Asia will continue to stably lead the global economy. The Republic of Korea hopes that the initiative of Kuwait to host the 1st ACD Summit will mark the beginning of such developments.

Thank you,

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