President U Thein Sein left Nay Pyi Taw for Brisbane, Australia, on Friday evening to attend the G-20 Summit, arriving in the eastern Australian city on Saturday morning, sources said.
Following a warm welcome by Australian Prime Minister Tony Abbott at the Brisbane Convention & Exhibition Centre, where the two-day G-20 Summit has kicked off, President U Thein Sein addressed the G-20 Submit meeting on the agenda of global economic growth and promotion of job creation.
On the Association of Southeast Asian Nations, President U Thein Sein said that the Southeast Asian bloc has become more integrated in recent decades, which he emphasized prompted Myanmar to set the theme for ASEAN Chair 2014 as “Moving forward in unity to a peaceful and prosperous community”.
As a huge market with a population of 609 million, the ASEAN region enjoys an annual growth rate of 5% on average, with combined GDP hitting US$2.5 trillion.
The establishment of the ASEAN economic community will ensure a free, smooth flow of commodities, investments and currencies in the region, thereby enabling skilled workers to migrate, with the president saying regional cooperation is expected to reach a new high in years to come.
He stressed that while assuming the chairmanship, Myanmar is determined to help develop small and medium-sized enterprises and deepen cooperation between the government and the private sector, adding that ASEAN and the G-20 share the same objective in the effort to initiate macroeconomic development.
ASEAN welcomes the Brisbane Action Plan, with the president saying that the G-20 Agenda, “Stronger, Sustainable and Balanced Growth”, is believed to narrow inequality and the rich-poor gap between countries.
In addition, President U Thein Sein pointed out the emergence of young entrepreneurs in the ASEAN region, saying youths play a key role in development activities.
In the evening, the president attended a dinner hosted in honour of leaders attending the G-20 Summit.