UNDER the Philippines’ chairmanship, this year’s APEC focuses on building economies that feature ‘inclusive growth.’
“Inclusive growth is where economic progress enables the betterment of our peoples; and where those empowered peoples can open the doors wider to even greater progress, spurring a virtuous cycle of empowerment and continuous development,” explained President Benigno Aquino 3rd during the opening ceremony of APEC at the Green Sun Hotel in Makati City on December 1, 2014.
“This gathering’s significance is magnified when one considers that, in a world where many economies are reeling from uncertainty, Asia-Pacific economies have, for the large part, sustained a relatively good level of growth. In fact, Southeast Asia in particular has been identified as one of the world’s most promising regions,” Aquino said.
“It is for this reason that the Philippines has chosen to orient this year’s APEC toward making certain that this growth has tangible effects on the lives of all our peoples. This explains our theme: ‘Building inclusive economies, building a better world.’ I am confident that, with our country’s remarkable turnaround in recent years, our story and our experiences can certainly enrich the discussions on this topic,” he said.
The APEC aims to promote free trade and economic cooperation in the 21 member economies with coastlines along the Pacific Ocean region.
After several ministerial events, as part of the preparations for the summit, successfully transpired in various parts of the country like Legazpi City, Clark-Pampanga, Bagac-Bataan, Boracay, Bacolod, Iloilo City, Tagaytay and Cebu, Manila will be the APEC Economic Leaders’ Summit 2015 host on November 18 to 19.