Budapest, Hungary: Hungary, upon the consultation with ASEM partners, intends to launch the initiative of an ASEM Sustainable Development Dialogue by hosting the first event of the sequence of seminars in Budapest on 20-22 June, 2012 focusing on the ‘Role of Water in Sustainable Regional Development Strategies’. Water emerged as a key environmental and development priority on the Hungarian EU Presidency’s agenda, therefore Hungary wishes to emphasize on the importance of the issue of water and would like to see it to be included with greater focus to the future agenda of ASEM cooperation as well. Hungary believes that the proposed event in Budapest could highlight the importance of water as an overarching issue through several different areas of interregional cooperation from regional connectivity, economic integration, through disaster preparedness and management, climate change and environment, water management and food security including the accessibility of drinking water, to even poverty reduction. Sharing experiences and best practices in this regard between macro-regional development strategies such as the Danube Region Strategy and the Greater Mekong Subregion shall provide additional benefits and hopefully significantly enrich interregional co-operation, not only among these two subregional development initiatives, but at the same time other regions and river-valleys…