Chances are that you’ve heard or read about the Philippines being the host of the Asia-Pacific Economic Cooperation (APEC) 2015.
You probably already know that the meetings have been ongoing in the country since January and host venues included such places as Clark, Tagaytay, Laoag, Manila, Bacolod, Boracay, and Iloilo.
Cebuanos are especially aware that Cebu will be hosting some APEC 2015 meetings from August to October this year. But what is APEC and why host it? What’s in it for the Philippines in general and Cebu in particular?
Here are 10 important points about this premier gathering in the Asia-Pacific region and the APEC 2015 Philippine hosting.
1. APEC History
Former Australian Prime Minister Bob Hawke first publicly broached the idea of establishing APEC during a speech in Seoul, South Korea on January 31, 1989, and 12 Asia-Pacific economies met and did just that 10 months later in Canberra, Australia.
2. APEC Objective
The main objective of APEC as an economic forum is to bring about sustainable economic growth and prosperity in the Asia-Pacific region.
In line with this mission, it advocates free and open trade among member economies unhindered by tariffs or duties and other barriers. APEC also champions the integration of economic policies, promotion of economic and technical cooperation, enhancement of human security, and facilitation of a favorable and business environment in Asia-Pacific.
Source: SEE MORE http://www.cebu.gov.ph/article/10-important-things-know-apec-philippine-hosting/
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