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PIA Press Release
2007/09/05

Global concerns up at 15th APEC leaders meet

by T. Villavert

Iloilo City (5 September) -- The Asia-Pacific Economic Cooperation (APEC) support for the World Trade Organization, the integration of egional econmy, structural reforms, energy security, climate change and human security, and APEC reforms are among the principal issues up for discussion during the 15th APEC Leaders Meeting in Sydney, Australia on September 7-9, 2007.

The Malacanang press report disclosed that the establishment of a regime of greater sharing of economic prosperity among the APEC member countries is the key objective of the gathering.

APEC is a group of economies which discusses trade issues of common concern for the 21-member countries. It is the only inter-government group committed to reducing trade barriers and increasing investments without requiring its members to enter into legally binding obligations, the Malacanang press report disclosed.

The APEC member-economies are Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, USA and Vietnam.

President Gloria Macapagal-Arroyo is expected to participate actively in the discussions of issues of common concern to the ASEAN as well as APEC member countries.

The theme of this year's gathering is "Sustaining our Community: Building a Sustainable Future". (PIA) [top]

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