VICE President Jejomar Binay on Saturday stressed the need to continue the reforms initiated by President Benigno Aquino 3rd beyond 2016, saying these reforms have ushered the Philippine economic turnaround highlighted during the recent World Economic Forum (WEF).
“We also need to acknowledge the positive impact of the reforms initiated by President Aquino,” Binay said in a statement.
“These reforms triggered renewed interest in the Philippines and a re-appraisal of our economic potential. We therefore make our commitment to continue and, if needed, expand the reforms initiated by President Aquino beyond 2016,” he added.
“The successful staging of the World Economic Forum shows without a doubt that the Philippines has earned its rightful place among the emerging economies of the world,” Binay said.
The WEF held its East Asia meeting in Makati for the first time in 23 years. The conference tackled economic to climate change issues and was attended by more than 600 delegates from 30 countries.
Binay also acknowledged that the initial stages of the Association of Southeast Asian Nations economic integration will be faced with challenges, but he described them as “birthing pains.”
“But I am confident that the spirit of mutual respect, collaboration, and friendship that characterizes the ASEAN will help us overcome the challenges as individual nations and collectively as ASEAN, so we can move our economies forward,” he added.
Binay stressed that the ultimate goal of the Philippines and other ASEAN countries “is to ensure that whatever economic gains that will accrue from integration will improve the lives of our people, eradicate poverty, and allow every citizen to share the benefits of development.”