Statement of Press Secretary Cerge Remonde

April 12, 2009 8:00 am 

MANILA, April 11 — Re: ASEAN Summit

Much has been accomplished despite the non-completion of the ASEAN Summit and Other Related Summits, according to Foreign Affairs Secretary Alberto Romulo.

One, there is already an agreement in principle as to the amount of contribution to the US$ 120-billion Equity Fund –- US$ 24 billion from 10 ASEAN members, US$ 24 billion from South Korea, and the balance from Japan and China.

Two, the establishment of the ASEAN political security community.

Three, the initial convening of the Committee of Permanent Representatives.

President Gloria Macapagal-Arroyo remained calm and collected all throughout.

We are proceeding to Dubai ahead of schedule. (PNA)

scs/OPS/rsm

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