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ASEM affirms 'rules-based' order after South China Sea ruling

ULAANBAATAR -- Leaders from 51 Asian and European countries agreed to uphold a "rules-based" global order on Saturday at the end of a summit intended to focus on economic cooperation but dominated by discussion on geopolitical tensions and terrorism.

"As shifting geopolitics lead to greater uncertainties and volatility in the world, ASEM [Asia-Europe Meeting] will reinforce its role as a catalyst for effective multilateralism and a rules-based international order," read a part of the Ulaanbaatar Declaration on the Asia-Europe Meeting into the Third Decade.

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