Asian-European meeting decides on closer relations
A meeting of the leaders of 38 countries of Europe and Asia was held in Hanoi October 8-9. This is the fifth meeting of the Asia-Europe Meeting (ASEM) to be held since the formation of the grouping in 1996. This trade and dialogue grouping brings together countries with 2.4 billion people, representing 37 percent of the world's population. Together they produce 46 percent of the world's Gross Domestic Product (GDP) and their trade amounts to 43 percent of world trade. At the Hanoi meeting Cambodia, Laos and Myanmar (Burma) plus Hungary, Poland, Estonia, Lithuania, Latvia, the Czech Republic, Slovakia, Slovenia, Cyprus and Malta were admitted to the group. The leaders discussed how ASEM could contribute to a multilateral approach to international relations, in particular the UN. The political dialogue carried out in the past years between the two continents has deepened their mutual understanding on international and regional issues, the Middle East situation, international terrorism, development, social and rule of law issues. The meeting in Hanoi adopted the "Hanoi Declaration on Closer ASEM Economic Partnership" and the "ASEM Declaration on Dialogue among Cultures and Civilisations". Australia does not participate in the Asia-Europe meetings.