President Aquino to Attend APEC meeting


A November 4, 2010 press release prepared by the Department of Foreign Affairs
4 November 2010– President Benigno S. Aquino III will attend his first Asia Pacific Economic Cooperation (APEC) Economic Leaders Meeting (the 18th AELM) in Yokohama, Japan from November 12 to 15.
The President will be joined by the Secretary of Foreign Affairs Secretary and the Secretary of Trade and Industry.
During the 18th AELM, the President will lead the Philippines in actively engaging APEC member economies to enhance the country’s leading role in the advocacy for human resources development, employment creation, addressing the social dimensions of globalization, and sustaining cooperation in economic and technical cooperation (ECOTECH) for developing economies to foster 21st century competitiveness.
Numerous heads of state have expressed interest to meet with President Aquino at the sidelines of the 18th AELM to discuss bilateral trade and development opportunities for the Philippines.
President Aquino will also meet the Filipino community in Japan, where more than a thousand Filipinos in the Yokohama region alone are expected to greet the President.
With the 18th AELM’s theme of “Change and Action”, APEC will build upon its past successes, by proposing necessary changes and actions to ensure its continued relevance in shaping the region’s future.
APEC economies will also consider future directions for the region, taking off from a vision for a New Growth Paradigm for a changed post-crisis landscape that was adopted by the Leaders in 2008 at Lima, Peru.
At the 18th AELM, APEC will assess its achievements vis-à-vis the Bogor goals of free and open trade and investments.  Specifically, developed economy members of APEC shall be assessed whether they had achieved said goals.
The APEC is a forum for 21 Pacific Rim countries or Member Economies that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region.
Established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional economic blocs in other parts of the world, APEC works to raise living standards and education levels through sustainable economic growth and to foster a sense of community and an appreciation of shared interests among Asia-Pacific countries.
APEC Members 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. END

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