CEBU CITY: The 21 member states of the Asia Pacific Economic Cooperation (APEC) agreed to form a regional coalition to promote an effective platform as a way of increasing dialogue and cooperation among the various sectors, and sharing experiences and best practices to induce growth at the domestic and regional levels.
At the sidelines of the APEC Structural Reform Ministerial Meeting (SRMM) here, the member economies signed a memorandum of understanding for the Asia Pacific Services Coalition to signify that they recognize the central role the services sector plays in the region in generating economic growth, employment, competitiveness and regional integration.