San Francisco, California
November 15, 2023
President Ferdinand R. Marcos Jr. graced the Welcome Reception hosted for the Economic Leaders attending the 30th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week (AELM) in San Francisco, California.
APEC is a regional economic forum established in 1989 to leverage the growing interdependence of the Asia-Pacific region. The 21 APEC Member Economies account for nearly 40 percent of the global population and nearly 50 percent of global trade.
This marks the President’s second attendance at the APEC Summit, following his inaugural participation in Bangkok, Thailand last year. Together with his Economic Team, he is set to advance the Philippines’ interests, particularly in energy security, and foster new partnerships in order to sustain the country’s economic growth.
Under the theme, ‘Creating a Resilient and Sustainable Future for All’, this year’s Summit, hosted by the United States of America (USA), highlights the commitment to address key issues such as supply chain resilience, digital trade, connectivity, opportunities for small and medium enterprises, climate change and environmental sustainability.
The AELM serves as the culmination of the APEC Summit, where world leaders and stakeholders come together to discuss global issues, focusing on three (3) overarching APEC 2023 policy priorities: Interconnected (to build a resilient, interconnected region that advances broad economic prosperity), Innovative (to enable an innovative environment for a sustainable future), and Inclusive (to affirm an equitable and inclusive future for all).