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PIA Press Release

PNoy leaves for Japan to attend APEC summit

Manila (11 November) -- President Benigno S. Aquino III is set to visit Japan on November 11 to 15 to attend the Asia Pacific Economic Cooperation Summit.

The Summit will bring together 21 Asia Pacific economies on November 13 to 14, in order to tackle a vision a broad regional free trade area that would link the fast-growing region.

President Aquino is expected to raise closer cooperation on the economy and counter-terrorism during the Asia Pacific Economic Cooperation (APEC) summit in Yokohama, Japan.

President Aquino is also expected to attract more investors to the country and bring home more jobs when he visits Japan.

"God willing, we will be bringing home more good news from the private companies of one of our longest-standing partners, Japan, and from the rest of our allies around the world," the President said.

"We are hoping, with great optimism, to bring home more jobs for our people and more revenue to the national coffers, which can now be safely and directly put in its rightful place: Into crucial services for the Filipino, which will sow the seeds for a better future for the coming generations," the President added.

The President said there would be "several billion dollars worth of investments" in Japan, or bigger than what he obtained from a recent visit to the United States. He brought home around $2.4 billion in investments from the US last September.

President Aquino said there are three large Japanese corporations planning to invest in the country, mainly in technology and potable water, but declined to identify them.

At the APEC summit in Yokohama, the President is also expected to push for closer cooperation in repairing global economy and fighting terrorism.

A framework that would lessen the volatility of world financial markets, will also be proposed by the President at the assembly of the 21 APEC member-economies. (PIA 8) [top]

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