CLARK FREEPORT, Angeles City-Senior officials of 21-member Asia-Pacific Economic Cooperation (APEC) on Friday started their two-day formal meeting here that would focus on discussing various initiatives to expand the benefits of the region’s three billion people and enhance economic growth, trade and investments.
At the opening of the Senior Officials Meeting (SOM1), APEC 2015 SOM Chair Laura del Rosario said the meeting will lay down the groundwork for agenda priorities of APEC this year.
Del Rosario said these priorities include advancing the regional economic integration agenda, fostering participation of small and medium enterprises (SMEs) in regional and global markets, investing in human capital development, and building sustainable and resilient communities.
She said these reflect both the outcomes of APEC 2014 in China and build on the Philippines’ APEC 2015 theme of “Building Inclusive Economies, Building a Better World.”
Starting Jan. 26, Del Rosario said the various technical working groups and committees that report to the APEC Senior Officials met to discuss initiatives, policies and capacity-building programs that advance APEC’s goals of trade liberalization, business facilitation and economic cooperation.
She said best practices were shared and commitments were renewed on economic issues related to SMEs and the global value chain, anti-corruption, customs procedures, disaster management and services, among others. (PNA)
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