PGMA to join heads of emerging economies in high-level London forum

September 17, 2009 11:30 am 

LONDON, Sept. 17 — President Gloria Macapagal-Arroyo will be in familiar company when she attends the Emerging Markets Summit which opens here Thursday under the auspices of “The Economist,” the renowned business news magazine.

The President, who is due to arrive in this city of double decker buses Thursday afternoon from Turkey, will join five other heads of emerging economies who have confirmed their participation.

They are Mohamed Ghannouchi, Prime Minister of the Republic of Tunisia; Paul Kagame, President of the Republic of Rwanda; Korn Chatikavanij, Finance Minister of Thailand; Ali Babacan, Deputy Prime Minister of the Republic of Turkey; and Sri Anand Sharma, Minister for Commerce and Industry of India.

Over 300 business leaders and investors from all over the world are expected to attend the high-level conference, which will focus on the theme, “Globalization Redefined by Emerging Markets.”

President Arroyo is scheduled to deliver her keynote address late Friday at the close of the forum. She will take the opportunity to share the Philippines’ view on Asia’s leadership in the global economic recovery and to promote the country as a highly attractive investment destination.

Her speech is expected to highlight the resiliency and continued growth of the Philippine economy which reported a positive 1.5 percent growth in the second quarter, three times the 0.5 percent median of expected growth during the current global economic downturn.

While here, the President is due to witness the signing of two landmark agreements which will intensify legal cooperation between the Philippines and the United Kingdom. Foreign Affairs Secretary Alberto Romulo and British First Secretary of State Lord Mandelson will sign the RP-UK Mutual Legal Assistance Treaty and the RP-UK Extradition Treaty.

With over 200,000 Filipino migrant workers in the United Kingdom, President Arroyo will take the opportunity to meet members of the Filipino community and encourage them to further contribute to the continued economic resilience of the country. (PNA)

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