Aquino to attend APEC Summit in Honolulu next week

November 4, 2011 10:02 pm 

MANILA, Nov. 4 — President Benigno S. Aquino III will leave next week to attend the 19th Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in Honolulu, Hawaii to be held from November 8 to 13.

President Aquino will be joined by a lean delegation led by Foreign Affairs Secretary Albert del Rosario, Trade and Industry Secretary Gregory Domingo and Finance Secretary Cesar Purisima.

During the APEC Leaders meeting, the President and 20 other APEC leaders will discuss relevant issues, including growth and jobs, regulatory reform and competitiveness, and energy efficiency and security.

APEC 2011, which is hosted by the United States, is working towards the achievement of a “seamless regional economy.”

Prior to the APEC Leader’s Meeting, the President will be attending the APEC CEO Summit, which is scheduled on November 11 to 12.

During the event, DFA Undersecretary for International Economic Relations Laura del Rosario said President Aquino will talk about energy, food and commodity security.

The APEC CEO Summit is held annually in the APEC host economy just prior to the annual APEC Leaders’ Meeting and is a “by invitation only” event.

“The President is the only head of the economy who will be there and there will be two CEOs with him. After that, he will be hosted by a CEO of the US,” Del Rosario said during a press briefing in Malacanang.

“His host at this time in the evening will be the chairman of Microsoft, Mr. Craig Mundie. He will be the only head of state to be hosted by Microsoft and together with him are 10 other CEOs,” she added.

Del Rosario said that this sends a signal to the Aquino administration that Microsoft is interested in the Philippines.

“They want to be able to talk to the President about certain matters that are of importance to us as an economy and to them as a corporation,” she said.

The following day, President Aquino will attend the AELM. He will also participate in the APEC Business Advisory Council (ABAC) Dialogue with Leaders.

The dialogue gives ABAC members the opportunity to meet with APEC leaders to discuss the entire year’s ABAC work program and to raise issues of pressing concern to the business community.

“The President or the heads of economies will also meet with the ABAC, Business Advisory Council. They will have a dialogue and maybe come out with their own concerns,” she said.

“This is where the private sector will tell the heads of the governments: this is what we want you to do; this is what we want you to pursue,” the Foreign Affairs undersecretary added.

ABAC Philippines is represented by Ayala Corporation chairman and chief executive officer (CEO) Jaime Augusto Zobel de Ayala, Jollibee Foods Corporation and CEO Tony Tan Caktiong and A. Magsaysay Inc. president and CEO Doris Magsaysay Ho.

It is also at the AELM where the Economic Leaders take the traditional APEC Family Photo, signifying the member economies' continuing commitment towards improved trade and investment in Asia-Pacific region.

The APEC Leaders’ Week starts on November 8 with the Concluding Senior Officials’ Meeting attended by the APEC Senior Officials from the 21 member economies.

The Finance Ministers’ Meeting will be on November 10 to discuss and finalize the Finance Ministers’ Statement. The Philippines will be represented by Finance Secretary Cesar Purisima.

The APEC Ministerial Meeting (AMM) on November 11, on the other hand, will include a review on the progress of the APEC 2011 agenda and some issue-specific discussions.

Foreign Affairs Secretary Albert del Rosario and Trade and Industry Secretary Gregory Domingo will represent the Philippines in the said meeting.

At the AMM, the Trade Ministers Breakout Meeting will be chaired by United States Trade Representative Ron Kirk, and will focus on APEC Leaders agenda and other trade issues. (PNA) scs/PCOO/ssc


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