On November 18, 2011, Premier Wen Jiabao attended the 14th China-ASEAN Summit on Indonesia's Bali island and delivered a speech.

Wen said the establishment of dialogue relations between China and ASEAN in 1991 is a landmark event. It demonstrates how, with strategic vision and courage, the two sides followed the trend of the times and explored ways to promote regional cooperation, thus inaugurating the historic process of China-ASEAN relations. Over the past 20 years, both sides have abided by the principle of mutual respect and non-interference in each other's internal affairs and worked to strengthen political mutual trust. Both sides have pursued mutual benefit, mutual support and mutual learning in the course of cooperation to achieve common development. Both sides have demonstrated solidarity in times of adversity, met challenges head-on and turned them into opportunities. Both sides have also remained firm in their commitment to peaceful coexistence and good-neighborly relations and endeavored to foster a secure and harmonious regional environment. As strategic partners for peace and prosperity, China and ASEAN have engaged in exchanges and cooperation in wide-ranging areas and at a level unseen in the past, and they have formed a community of common destiny sharing a common stake. The tremendous achievements made by China and ASEAN have contributed significantly to improving people's wellbeing in the region and the lofty cause of peace and development, and produced far-reaching impact on the progress of Asia and the world at large.

Wen said the world is undergoing profound and complex changes. The global economy may experience uncertainty and instability for a long time to come. China and ASEAN should be both confident and sober-minded. "And we should keep our destiny firmly in our own hands and do not slacken pace or waver in our advance in the direction we have set for ourselves to pursue our goal. Both sides should enhance strategic consultation and mutual trust, pursue economic development and social progress as a top priority, adhere to ASEAN centrality in promoting East Asian cooperation, uphold our common interests in the multilateral field and closely coordinate our positions and work to build a fair and equitable new international political and economic order," said Wen.

Wen proposed the following steps to deepen China-ASEAN pragmatic cooperation.

First, both sides should fully implement all the agreements on the China-ASEAN Free Trade Area (CAFTA), improve the FTA and expand cooperation in trade and investment.

Second, both sides should establish a China-ASEAN committee on connectivity cooperation and advance connectivity and other infrastructural development.

Third, both sides should deepen financial cooperation, increase cooperation between central banks and exchanges among financial experts, increase access to each other's financial markets through mutual opening of branches of financial institutions, step up dialogue and cooperation between regulatory authorities, increase local currency swap, fully enhance East Asia's ability to conduct financial crisis rescue and ensure regional financial stability.

Fourth, both sides should expand practical maritime cooperation. China will establish a China-ASEAN maritime cooperation fund and promote cooperation in marine research and environmental protection, connectivity, navigation safety, search and rescue, combating transnational crimes and other fields.

Fifth, both sides should advance cooperation in science, technology and sustainable development. China proposes that 2012 be designated the year of China-ASEAN science and technology cooperation. China will advance exchanges and cooperation with ASEAN in green economy, energy conservation, environmental protection, new energy and renewable energy.

Sixth, both sides should work harder to promote cooperation in social areas and areas important to people's livelihood. Both sides should enhance exchanges and cooperation on vocational education and training, disaster management, humanitarian assistance and health care.

Wen said China-ASEAN relationship is solidly-based and has great potential and a promising future. China will forever be a good neighbor, good friend and good partner of ASEAN. "We will work closely with you to implement all the agreements we have reached to bring more benefit to our people and make greater contribution to peace and prosperity in our region," said Wen.

ASEAN leaders spoke highly of the development process and glorious achievements of China-ASEAN relations over the past 20 years. They praised China's long-term adherence to the policy of good neighborliness and friendship, support of the development of ASEAN countries and ASEAN integration with concrete actions, support of ASEAN's leading role in regional cooperation and its efforts to promote regional cooperation. They welcomed Wen Jiabao to raise proposals on further strengthening China-ASEAN cooperation, saying that in face of the current complex and volatile international political and economic situation, the ASEAN countries are willing to continue mutual support and close cooperation with China, deepen strategic mutual trust, seize the opportunity, raise the level of pragmatic cooperation and jointly contribute to promoting regional and world peace, stability and prosperity. ASEAN is confident about the prospects for future cooperation.

Both sides also issued a joint statement of the commemorative summit.

Wen Jiabao and ASEAN leaders attended the unveiling ceremony of the ASEAN-China Center.