blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Asia Pacific News

 

ASEAN leaders sign energy pact as summit closes
By Channel NewsAsia Philippines Correspondent Christine Ong | Posted: 15 January 2007 1945 hrs

  Asean leaders at the summit in Cebu
 
Photos  of

   
 


CEBU : Asian nations have urged North Korea to scrap its nuclear weapons programme, and to address concerns over foreigners kidnapped by its regime.

In a statement issued at the end of the 16-nation East Asia summit, leaders also pledged to seek ways to reduce oil dependency.

Two days after the 10-member Association of Southeast Asian Nations (ASEAN) completed its annual summit in Cebu, the grouping, together with its dialogue partners Australia, New Zealand, India, Japan, China and South Korea, vowed to strengthen political solidarity, fight terrorism and create a free trade zone by 2015.

"We have been able to work on very concrete, specific projects of cooperation. What has made it successful is that it was not just a talk shop because we discussed concrete areas of cooperation," said Philippines President Gloria Macapagal Arroyo.

A key outcome of Monday's summit was the signing of an energy security pact that covers some of the world's most polluted countries.

The pact seeks to reduce the region's dependence on costly crude oil through the use of biofuels, but offers no concrete targets.

The deal was boosted by Japan's pledge of a US$2 billion aid package to help Asian countries develop energy-saving technology.

The leaders also urged North Korea to give up its nuclear programme in exchange for aid and security guarantees. They unanimously backed UN sanctions on luxury goods which were imposed on North Korea after its nuclear and missile tests last year.

"The sanctions refer to luxury goods and goods that may help North Korea to arm. But it doesn't cover basic necessities. So therefore, there should really be no conflict between wanting to make sure that the people do not suffer from the lack of basic necessities, and urging North Korea to denuclearise," said President Arroyo.

After a one month postponement due to bad weather and threats of terror attacks, President Arroyo proudly declared that the twin summits will boost the region's goals toward energy security, political integration, peace & stability, as well as increased trade. - CNA /ls

 


Other asiapacific News
Arrest warrant for Maldives ex-president
Biden meets Chinese activists ahead of VP visit
Aussie abattoir shuts down over animal abuse
Police chief defection rumours spark China intrigue
Iran, free trade pact top EU-India summit agenda
Japan braces for more snow
US recognises new government of Maldives
'Don't talk to editors', Australia MPs told
Car bomb in Thai south kills 1, wounds 15
Japan mayor slams US base deal
'Dr Death' appeals Australia jail sentence
Sidelined police chief sparks China leadership intrigue
Pakistan Al-Qaeda chief killed by US drone
New Maldives leader struggles to curb 'anarchy'
Maldives ex-president issued arrest warrant
China faces shortage on hospice care
Leopard drags away and eats 14-year-old girl
N.Z. quake building was sub-standard
US Navy plane parts fall on Japan
Australia boatpeople bill hits more than US$300m

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions