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Efforts are needed to improve the decision-making process and mechanism of the international financial institutions, increase the representation and voice of developing countries, encourage wider participation and fully accommodate each other's interests and concerns, Wen said.
He called for stepped-up cooperation on international financial supervision and regulation. "We must be steadfast in advocating and supporting free trade, resolutely oppose protectionism, and work for early, equitable and balanced outcomes of the Doha Round negotiations on the basis of the existing text."
ASEM partners must work together to address global challenges, Wen said.
"We must make concerted efforts to meet the climate challenge under the principle of common but differentiated responsibilities," he said. "We should pay equal attention to economic development and environmental protection, actively engage in cooperation in clean energy conservation and environmental protection."
Efforts should also be made to jointly fight terrorism and piracy to maintain maritime transport safety and normal trade between Asia and Europe, and strengthen cooperation in disaster preparedness and reduction, he said.
ASEM partners must work together to facilitate exchanges and mutual learning among civilizations, the premier stressed.
Cultural exchanges play an important role in advancing human progress, he said, adding that both the Eastern learning spreading westward and the Western learning spreading eastward have contributed to the prosperity and progress of the two civilizations.