President Moon: "ASEAN+3, with 30% of the world's population and economy, is a community of shared destiny"

ASEAN+3 Special Video Summit, Concrete Cooperation on COVID-19 Expected... "Korea is Gradually Entering a Stabilization Phase"

[Asia Economy Reporter Ryu Jeong-min] President Moon Jae-in said in his opening remarks at the 'ASEAN+3 Special Video Summit' on the afternoon of the 14th, "ASEAN+3, which accounts for 30% of the world's population and economy, is a community of shared destiny connected by close solidarity and exchanges," adding, "Just as we have shared crises and opportunities together, I hope we can overcome the current COVID-19 crisis together."

President Moon expressed gratitude for the leadership of Prime Minister Phuc of Vietnam, who convened the special video summit, saying, "I am very honored that the meeting is held in a special way at a time when special cooperation is needed," and added, "The entire world is now facing an unprecedented health and socio-economic crisis due to COVID-19."

[Image source=Yonhap News]

President Moon explained, "Our lives and future are threatened in all fields. This is a crisis that cannot be overcome by efforts at the individual country level," and added, "The 10 ASEAN countries have been making great efforts for regional cooperation since the early stages of the COVID-19 spread."

He said, "Through this meeting today, I hope that practical and concrete cooperation measures will be derived at the ASEAN+3 level," and added, "ASEAN+3 has good experience in successfully responding to common crises. Examples include the 'Chiang Mai Initiative Multilateralization' to prepare for liquidity crises and the 'Emergency Rice Reserve System' to prepare for food crises."

President Moon expressed confidence, saying, "I am confident that we can successfully overcome this COVID-19 crisis together," and explained, "Korea experienced the spread of COVID-19 earlier than other countries and has faced many challenges. Although it is still cautious to say, fortunately, we are now gradually entering a stabilization phase."

He added, "Intensive testing and tracing, thorough epidemiological investigations, and voluntary participation of the people based on transparent information sharing have been a great strength," and said, "I hope to share Korea's quarantine experience and lessons with member countries and gather wisdom to overcome the complex crisis together."

This content was produced with the assistance of AI translation services.