 We will have the opportunity tonight to enjoy some of the extraordinary richness and diversity of the cultures that constitute the ASEAN region. Intellectual property and IP rights creation, commercialization and protections have been a significant source of competitive advantage of enterprises and economies and a major driver of Asian competitive strategies. Asian believes that IP is a powerful tool for development, hence the theme of Asian exhibition and celebration at this assembly is intellectual property, innovation and development. The exhibit to be unveiled tonight highlights the role of intellectual property in stimulating the spirit of innovation as a driver of development in ASEAN. Collectively ASEAN became the sixth largest economy in the world and third largest in Asia in 2015 and with some 640 million people our economic community is fully harnessing the synergies of talent and opportunity to sustain economic dynamism and further deepen inclusion and integration.