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On Wednesday, President Ferdinand R. Marcos Jr. expressed optimism that the Philippines would make “excellent progress” as a result of his attendance at the 29th Asia-Pacific Economic Cooperation (APEC) Leaders Meeting in Thailand.
Marcos noted that APEC member economies represent 62 percent of the global gross domestic product, 48 percent of world trade, and 38 percent of the world’s population (GDP).
“It will be a privilege for me to speak on behalf of the Philippines at APEC. One of the key venues for interacting with the economies of the Asia-Pacific area is still APEC. It is impossible to exaggerate how important this region is to both us and the rest of the globe “In a pre-departure speech given at the Villamor Air Base in Pasay City, Marcos said.
As the nation’s leader, Marcos will be present at the APEC meeting for the first time.
Marcos announced that he would discuss the Philippines’ economic strategy, which would cover strategies for achieving both sustainable development objectives and digital transformation.
Additionally, he promised to advocate for the Philippines’ engagement in the digital economy, the inclusion of MSMEs in the economy, and the “safe and frictionless” movement of Filipino seafarers and maritime crews.
He continued by saying he would exhort the other APEC leaders to deal with climate change and guarantee the region’s food and energy security.
“This is what we hope for, an Asia-Pacific region that is peaceful and successful,” Marcos added.
With 85 percent of regional trade coming from the Philippines, the Asia-Pacific region also has the greatest population of overseas Filipino workers (OFWs), giving Filipino customers access to goods and services from the area.
Additionally, the region provides a market for the export of goods and services in the region for Filipino farmers, workers, company owners, and MSMEs.
The main objective of APEC, which was founded in 1989, is to promote sustainable economic growth and prosperity in the Asia-Pacific region.
Philippines, Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Russia, Singapore, Chinese Taipei, Thailand, United States, and Vietnam are among the 21 economies that make up the APEC.
Marcos stated that while in Thailand, he and First Lady Louise “Liza” Araneta-Marcos will also meet with Thai Kings Maha Vajiralongkorn Phra Vajiraklaochaoyuhua and Suthida Bajrasudhabimalalakshana, who gave APEC leaders and spouses a royal audience.
In order to encourage more investments, Marcos is also anticipated to have a side-event meeting with Thai business executives.
At the yearly gathering of the top CEOs from the area, he also disclosed his participation in a panel discussion on “The Global Economy and the Future of APEC” with chosen APEC Leaders asked to speak.
A few heads of state and representatives from the business world will also meet privately with Marcos to talk about enhancing diplomatic ties.
He will also meet with the Thai Filipino community.
“It is obvious that our nations in the Asia Pacific and Indo-Pacific region share a great deal of common ground. And on that, I intend to build. We have determined that those are the worries, the worries that all the regional leaders and all the nations share, “added Marcos.
In addition, “that is what the other leaders aim to accomplish,” he said. “I hope to report excellent results when I return from Bangkok.”
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