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Asia pacific economic cooperation (APEC) summit – 2015

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23rd Asia-Pacific Economic Cooperation (APEC) was held in Manila, Philippines. It marks the second time the Philippines is playing host to the APEC, first hosted in 1996 in Subic, Zambales.

Theme“Building Inclusive Economies, Building a Better World: A Vision for an Asia-Pacific Community”

  • As part of the APEC tradition, custom-made Barong Tagalog clothing were designed for the economic leaders to wear during the “family-photo” portion of the event to showcase Philippine fashion and talent.

Asia pacific economic cooperation summit - 2015Key Discussed topics – Fighting terrorism, Growth weapon, Fighting poverty, World economy, Climate change

Highlights of Summit
Declaration Leaders from 21 countries and self-governing territories meeting in Manila for the Asia-Pacific Economic Cooperation summit issued a declaration that denounces terrorism and vows united efforts to combat its root causes. Here are the important commitments:

  • Building Inclusive Economies – To support comprehensive and ambitious structural reforms; achieve positive economic, social, and environmental outcomes; and promote good governance.
  • To deepen our financial markets and mitigate risks – Fostering Micro, Small and Medium Enterprises’ Participation in Regional and Global Markets
  • Trading environment – To foster an enabling trading environment that is responsive to new ways in which goods and services are produced and delivered and that promotes inclusiveness.
  • Building Sustainable and Resilient Communities – Through the APEC DRR Framework, minimization of losses and ensure that communities have the support to overcome adversity and to build back better.
  • To make urbanization work for growth – Rapid urbanization which includes innovative ways of addressing waste management and water-related challenges
  • Investing in Human Capital Development – To redouble the efforts, empower people with the tools to benefit from and participate in economic growth.
  • Enhancing the Regional Economic Integration Agenda – To achieve vision for an integrated community in a comprehensive and systematic manner.
  • Strengthening Collaboration – To work with stakeholders to address common challenges.
  • Support – To strongly support the work of our Ministers, the APEC Process and all its Committees and Fora.

About APEC
Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region.

Establishment – 1989
1st APEC Summit – Canberra, Australia

Next APEC summit venues
28th Summit – 2016- Peru
29th Summit – 2017- Vietnam
30th Summit – 2018 – Papua New Guinea
31st Summit – 2019 – Chile
32nd Summit – 2020 – Canada
33rd Summit – 2021 – New Zealand
34th Summit – 2022 – Thailand