PHL to push for 3 priorities in line with APEC 2011

November 4, 2011 10:02 pm 

MANILA, Nov. 4 — The Philippines will present and push for initiatives three priorities at the Concluding Senior Officials' Meeting and the Ministerial Meetings leading up to the Leaders' Meeting in the Asia-Pacific Economic Cooperation (APEC) Summit in Honolulu, Hawaii next week.

The Department of Foreign Affairs said on Friday these are: strengthening regional economic integration and expanding trade by advancing "next-generation" trade and investment issues; promoting green growth and fostering job creation in green industries; and expanding regulatory cooperation and advancing regulatory convergence.

The DFA, in a briefing, also said President Benigno S. Aquino III will lead the Philippine delegation at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in Honolulu from November 8 to 13.

Joining him in the Philippine delegation are Foreign Affairs Secretary Albert F. del Rosario, Trade and Industry Secretary Gregory L. Domingo and Finance Secretary Cesar V. Purisima.

Hosted by the United States, APEC 2011 is working towards the achievement of a "seamless regional economy."

At the 19th APEC Economic Leaders' Meeting (AELM) on November 13, the Leaders are free to engage in the most relevant issues facing them. The issues notionally set for the Meeting include growth and jobs, regulatory reform and competitiveness, and energy efficiency and energy security.

President Aquino will also participate in the APEC Business Advisory Council (ABAC) Dialogue with the Leaders, which is a key feature of the AELM.

This Dialogue gives ABAC Members the opportunity to meet with the APEC Leaders to discuss the entire year's ABAC work program and to raise issues of pressing concern to the business community.

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

This year, ABAC adopted the theme "21 Economies for 21st Century," with the sub-theme "Employing people and ideas for sustained growth in Asia-Pacific."

The theme reflects the ABAC 2011 objectives of helping APEC achieve progress in the following priority areas: regional economic integration; small- and medium-scale enterprises (SMEs), including micro-enterprises, and entrepreneurship; and sustainable development.

APEC has 21 members – referred to as "member economies" – which account for approximately 40 percent of the world's population, approximately 54 percent of world gross domestic product (GDP) and about 44 percent of world trade.

It is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region. (PNA) scs/FPV

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