President Gloria Macapagal Arroyo to Attend the 16th Asia-Pacific Economic Cooperation 2008 Leaders Meeting in Lima, Peru

Article excerpt

PRESIDENT Gloria Macapagal Arroyo leaves today to attend the 16th Asia-Pacific Economic Cooperation (APEC) 2008 Leaders Meeting in Lima, Peru. The President has accepted the invitation to attend the meeting sent by Peru's President Alan Garcia Perez.

On the way to Peru, she will make a short visit to Los Angeles, California, United States, where she will meet with members of the Filipino community.

The Asia-Pacific Economic Cooperation Leaders Meeting in Peru carries the theme "A new commitment to the Asia-Pacific Development." The theme indicates the openness on the part of the leaders of the APEC member economies to seek and implement ways to broaden the participation of other players in the process of building the Asia-Pacific community, promoting the association among the public and private sectors (PPP), the inclusion of the representatives of civil society, and the cooperation of the international financial institutions (IFI).

Amidst the troubles faced by major economies in the world, APEC, composed of both advanced and emergent economies, has provided a venue for the leaders to discuss ways to guarantee an integral approach to the major issues that affect the region, such as energy security, personal security, climate change and sustainable economic growth.

President Arroyo is expected to continue to echo the concerns of emerging economies, a pool of countries that have shown resilience amidst the problems confronted by advanced industrial countries. …