Showing posts with label APEC Leaders. Show all posts
Showing posts with label APEC Leaders. Show all posts

Thursday, November 19, 2015

The impact of the APEC 'family photo'


The 'family photo' of leaders participating during the Asia Pacific Economic Cooperation (APEC) is more than just a souvenir shot.

What seems to be just a normal photo opportunity, the "family photo" can actually help solve key issues in the region, such as reducing the level of tension over border issues, an economics professor said.

University of the Philippines Professor Cayetano Paderanga Jr. interpreted that the "family photo" of the leaders of the 21 APEC member economies symbolize the impact of the meeting.

“Just like the usual family photos that end up family reunions, we can’t underestimate the impact, the impact actually can be quite subtle but very important, this is when the new cousins get to meet the other cousins,” he said.

Paderanga said one of the inconcrete impacts may be a reduced level of tension, which has been quite high over the last two to three years, over territorial disputes.

“Let’s take a very good example, President Noy and Xi Jinping of China, everybody is watching what the chemistry is, because if the chemistry is good then that will be a signal that the tension in the border issues will go down,” he added.

But the economics professor said Xi's presence in the meeting alone already sends a message of a reduced tension between the Philippines and China.

“Just the fact that they are meeting, that in fact premier Xi Jinping came over is already a big [positive] message… and we also gave a very strong concession ‘look border issue is not on the agenda,’ and so he came, that’s already a very big reduction on the level of tension,” Paderanga said.

“And this [impact] will become multiplied when the government officials meet at the lower levels and then you start thinking about businessman much more comfortable talking to businessman coming from a country whose leader their leader doesn’t like,” he added.

WATCH: Paderanga speaks on reaping the gains of APEC meetings

source: www.abs-cbnnews.com

APEC leaders to condemn terror attacks


MANILA - Asia-Pacific leaders called for increased international cooperation and solidarity against terrorism as they condemned recent terrorist attacks that killed hundreds in France and Lebanon and downed a Russian airliner over Egypt.

“Under the shadow cast by the terrorist attacks in Paris, Beirut, and against Russian aircraft over the Sinai, and elsewhere, we strongly condemn all acts, methods, and practices of terrorism in all their forms and manifestations,” said the 21 leaders representing member-economies of the Asia-Pacific Economic Cooperation (APEC).

“We stress the urgent need for increased international cooperation and solidarity in the fight against terrorism.”

The “urgent call” was contained in a draft of the statement the APEC leaders are scheduled to issue late Thursday, at the end of their 2-day meeting in Manila.

Although APEC is primarily concerned with lowering trade barriers, facilitating investments, and integrating the region’s economies, the leaders took note of the link between terrorism and economic growth.

“We will not allow terrorism to threaten the fundamental values that underpin our free and open economies,” they said. “Economic growth, prosperity, and opportunity are among the most powerful tools to address the root causes of terrorism and radicalization.”

The APEC leaders’ last major statement on terrorism was in Shanghai in 2001, shortly after the 9/11 terrorist attacks in the United States. At that time, the terrorism statement was in a separate document from their main statement on lowering of trade barriers and facilitating investments.

In APEC 2015, the reference to terrorism is incorporated in the main declaration.

The leaders also welcomed APEC members’ efforts to counter terrorism, especially measures to combat terrorist financing and prevent the travel of foreign terrorist fighters.

“We further encourage economies to implement fully the APEC Consolidated Counter-Terrorism and Secure Trade Strategy and to continue taking collective and individual actions and sharing best practices to secure infrastructure, travel, supply chains, and financial systems from terrorist activities,” they said.

ADVANCING FREE TRADE
The leaders of the APEC forum members gathered in Manila on Wednesday to hold a two-day meeting. A major agenda item was how to push ahead with their ultimate goal of establishing a broad free trade zone under the Free-Trade Area of the Asia-Pacific (FTAAP) framework.

Discussions will be intensified in particular after 12 countries, all APEC members, concluded years of negotiations last month to create the Trans-Pacific Partnership (TPP) trade bloc that covers 40 percent of the global economy.

"We reaffirm our commitment to advance the process in a comprehensive and systematic manner towards the eventual realization of the FTAAP as a major instrument to further APEC's regional economic integration agenda," the draft joint declaration reads.

The TPP and other regional trade pacts under negotiation have been considered as fundamental steps toward creating the ambitious FTAAP free trade zone.

"We note the recent development on the free trade agreements in the region and the progress of the possible pathways to the FTAAP, including the finalization of Trans-Pacific Partnership negotiations," the draft notes.

It goes on to say the members also "encourage the early completion of negotiations for (the) Regional Comprehensive Economic Partnership" which is seen as another huge multilateral trade initiative that the Association of Southeast Asian Nations, China, Japan and India, along with three other partners, are seeking to establish.

A summit of the 12 countries involved in the U.S.-led TPP was also held Wednesday on the sidelines of the APEC summit.

"While our focus is on approval and implementation of the results of negotiations with our current partners, we have also seen interest from a number of economies throughout the region," the leaders said in a statement issued after the TPP meeting.

The trade treaty "isn't (just) about boosting exports between our countries in the Asia-Pacific. The TPP is also helping to write the rules of global trade for the 21st century," U.S. President Barack Obama, the chair of the meeting, said.

The 12 TPP countries will need to ratify the agreement before bringing it into force.

Japanese Prime Minister Shinzo Abe urged the partners to work on the necessary procedures promptly. The TPP pact would be "pie in the sky" if it does not take effect, he said.

The APEC forum, established in 1989, groups Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Taiwan, Thailand, the United States and Vietnam. -- with a report from Kyodo News

source: www.abs-cbnnews.com

WATCH: El Gamma Penumbra performs for APEC leaders


Shadow play group El Gamma Penumbra, the first ever grand champion of "Asia's Got Talent," was given a rare opportunity on Wednesday to perform in front of economic leaders and delegates at the APEC Economic Leaders' Welcome Dinner held at the Mall of Asia Arena.

Accompanied by "American Idol" season 11 runner up Jessica Sanchez, the Batangas-based group presented in their trademark style a fascinating insight into local culture by showcasing traits innate in Filipinos such as selflessness.

source: www.abs-cbnnews.com

LOOK: It’s not a bus, it’s not a jeep, it’s...


It’s not a bus, it’s not a jeep, it’s a Skyjeepney.

The 44-seater Skyjeepney, used to ferry members of the press to cover the Asia Pacific Economic Cooperation Economic Leaders’ Meeting from November 16-20 in Manila, became an instant attraction at the International Media Center.

Just like the legendary Philippine Jeepney, the double-decker bus is a sure hit for foreigners and locals alike given its color and unique design that reflect Filipino culture.

Designed by Mark Cabili Bautista of Design Development Industries, Inc., the Skyjeepney is being promoted as a touring bus that gives passengers both fun and comfort.

The air-conditioned bus is also equipped with a GPS, refrigerator, cellphone-charging station, and a videoke that make a commuter's trip memorable.

The manufacturing cost of a Skyjeepney varies from 3.5 million to 12 million Philippine pesos, depending on one’s specifications.

source: www.abs-cbnnews.com

Tuesday, November 17, 2015

'APEC hotties' Trudeau, Nieto set Twitter on fire


MANILA - Canadian Prime Minister Justin Trudeau has arrived in Manila for the Asia-Pacific Economic Cooperation (APEC) Leaders' Meeting, joining 20 other leaders and representatives from the member-economies of the APEC bloc.

Trudeau, who arrived at the Ninoy Aquino International Airport (NAIA) at 5:39 p.m. Tuesday, was welcomed by Canadian and Philippine officials including Agriculture Secretary Proceso Alcala.

Upon his arrival, the 43-year-old Trudeau immediately took Twitter by storm, with many Filipino netizens gushing over his good looks.

The name of Trudeau, who is the second youngest Canadian to assume the position of Prime Minister, is second on Twitter's trending topics in the Philippines, as of posting.


Aside from Trudeau, Mexican President Enrique Peña Nieto also caught the attention of several Filipinos, with social media users using the hashtag #APEChottie to describe the two leaders.


Nieto, who arrived in Manila past noon, served as governor of the State of Mexico from 2005 to 2011 before he was elected president in 2012.


Here are some of the reactions of netizens on Trudeau and Nieto:
 source: www.abs-cbnnews.com