President Romualdez: Apec talks to present greater options for PH’s economic growth

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MANILA, Philippines — President Ferdinand Marcos Jr.’s attendance at the upcoming leaders’ meeting in Thailand will provide more opportunities for the country’s economic growth, House Speaker Martin Romualdez said.

“The Apec summit is a step forward because there are more developed countries involved,” Romualdez said in a statement Tuesday.

The president is part of Marcos’ official delegation to the Asia-Pacific Economic Cooperation (Apec) talks.

Romualdez had also joined Marcos at the recent Association of Southeast Asian Nations (ASEAN) summits in Cambodia.

Apec is an intergovernmental forum of 21 Pacific member economies that promotes free trade across the Asia-Pacific region – Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States and Vietnam.

According to Romualdez, it is essential to have personal commitments and to develop close relations with the leaders of other countries or economies, citing his experience during recent ASEAN summits, which he says have offered opportunities for meeting with his counterparts from the legislative bodies of the member countries. .

One such opportunity was the bilateral meeting between the Philippines and Vietnam, Romualdez said, when the visit to the Philippines by the head of Vietnam’s National Assembly, who is believed to be among the top contenders for his country’s premiership. , was announced.

“So those kinds of commitments mean a lot. Because when you have a personal engagement with these leaders, it is easier to communicate, coordinate and support each other in various areas – whether economic, trade or interparliamentary relations – which promote better harmony,” Romualdez said.

He also cited factors that President Marcos can use to promote our country as an attractive investment or trade partner, such as the 7.6% economic growth recorded by the Philippines in the third quarter, the reduction in the rate of unemployment, youth population and dollar remittances. of our Overseas Filipino Workers (OFW”),

“So I think the time has come to announce that the Philippines is doing well, its economy is doing well, and now is the time to invest in the Philippines so that we get more foreign direct investment for the capital that we need to generate more jobs and livelihoods for Filipinos and to create a stronger and more vibrant economy so that all Filipinos have a safe and comfortable life,” he added.

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