President Rodrigo Roa Duterte shows the APEC Putrajaya Vision 2040 document, an aspiration for the present and the future economic growth in next 20 years, as he commits to support it during the virtual 27th APEC Economic Leaders' Meeting at the Malacañang Palace on Nov. 20, 2020. (Presidential photo)
CALOOCAN CITY, Nov. 28 (PIA) -- The recent participation of President Rodrigo Roa Duterte in the 27th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting “will strengthen the Philippines’ relationship with other countries and help the country acquire the much-needed COVID-19 vaccines,” an official said Friday.
Department of Trade and Industry (DTI) Assistant Secretary for Industry Development and Trade Policy Group Atty. Allan B. Gepty said the President’s involvement in APEC would also boost the Philippines’ support for a free and rules-based multilateral trading system. This, during "The Virtual Presser" (TVP) with host Presidential Communications Operations Office (PCOO) Assistant Secretary JV Arcena.
“In 2019, the Philippines' exports to APEC economies amounted to US$59.88 billion, which is 84.4 percent of the country’s total exports. In the same year, the country’s imports amounted to US$93.88 billion, which is 84.1 percent of the total imports. In terms of investments, the Philippines received 90.7 percent of approved investments from the 21 member economies of APEC,” Gepty said.
"On this note, the Philippines will continue to be active in all economic fora and will continuously work to provide opportunities for our people, and create and maintain a conducive economic environment in the country," he added.
"The Virtual Presser," launched by the Office of the Global Media and Public Affairs (OGMPA) in April 2019, is PCOO’s interactive online video platform to engage with the international and local media, including foreign audiences.
OGMPA is tasked to connect government policymakers with the media and promote the Philippine government’s priority policy messages through engagements with foreign and domestic audiences. (PIA NCR)
Source: Philippines Information Agency (pia.gov.ph)
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