Philippines needs to
leave positive impression in APEC hosting
By Kris M.
Nov 2 (PNA) -- The pressure is on the Philippine government to leave a
positive impression to its guests in the concluding events of the Asia
Pacific Economic Cooperation (APEC) 2015 Summit this month.
Department of Trade and Industry (DTI) Secretary Gregory L. Domingo said it
is an opportune time for the Philippines to receive high-level delegates
from governments and business communities in the Asia Pacific through its
APEC hosting to showcase the economic growth of the country as well as
opportunities in the local market.
The premier business forum in the region, APEC CEO Summit, will be held in
Manila from Nov. 16 to 17 while the 21 economic leaders or heads of states
from member economies are expected to gather here from Nov. 18 to 19 for the
APEC Economic Leaders’ Meeting (AELM).
The AELM will be the concluding event for the 44 APEC meetings hosted by the
country this year.
“(In) these particular meetings, the most important is the impression we
leave to our visitors -- the economic leaders and business leaders. We have
to make a positive impression to these guys,” said Domingo.
He added that the Philippines’ APEC hosting this year is well-timed with the
country’s robust economic growth which can attract business leaders to
expand trade and investment activities here and for economic leaders to
explore stronger economic ties with the Philippines.
He also said that through APEC hosting, the Philippines can prove its
potential to be one of the top 20 largest economy in the world by 2050, as
projected by reputable banking companies Goldman Sachs and HSBC.
“The Philippines is in a very good position in moving forward, not only from
the country’s view but from financial institutions and economists also. The
Philippines is in a long-term strong growth trajectory,” the DTI chief said.
“Definitely, APEC is very important because this is one of the few
opportunities for our leader, for the Philippines to interact with other
economic leaders... They (economic leaders) do have bilateral meetings. You
hardly get that unless you will have state visit,” the official added.
The APEC Summit this year will be the sixth and last APEC meeting that will
be attended by President Benigno S. Aquino III during his administration.
To provide convenient travel to APEC delegates in their visit in the
Philippines, some of the major roads in Metro Manila are designated for APEC
use only while many airline companies have announced flight cancellation
during the AEL Week from Nov. 16 to 20 to avoid congestion at the Ninoy
Aquino International Airport.
Malacañan Palace likewise announced suspension of classes and work in Metro
Manila during the said week.
It is the second time for the Philippines to host an APEC Summit, the first
was in 1996. It is expected to host the event after 21 years.
APEC is composed of 21 member economies including Australia, Brunei
Darussalam, Canada, Chile, China, Hong Kong, Indonesia, Japan, Republic of
Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the
Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States, and