Vice President M. Venkaiah Naidu on Friday termed economic offences as a serious issue that threatens the financial stability of nations.

Speaking at the 12th Asia-Europe Meeting that took place on 18-19 October 2018 in Brussels, Naidu asked the ASEM partners to work together for denying shelter and for expeditious and timely exchange of financial information.

He also highlighted India's own ambitious policy measures in actively combating climate change and stressed International Solar Alliance as a shining example of Asia-Europe cooperation.

He underlined Government of India’s measure for more inclusive development, including focus on women empowerment.

At the Summit, Naidu joined the other global leaders in unanimously stressing the role of ASEM as a main platform for Europe and Asia to strengthen dialogue, foster cooperation and tackles global challenges, such as climate change, terrorism, global peace and security, maritime governance, etc.

The Vice President, during his interventions, called on the international community to take concerted action against terrorism, including cross-border terrorism that threatens peace and stability. 

He stated that it is important to uphold principles of non-interference in internal affairs of other countries and to respect sovereignty and territorial integrity. 

He stressed on an early adoption of the United Nations Comprehensive Convention on International Terrorism.

Terming economic offences as a serious issue that threatens the financial stability of nations, he asked the ASEM partners to work together for denying shelter and for expeditious and timely exchange of financial information.