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No agenda for Apec EDITORIAL 11/13/2010

Saturday, November 13, 2010

No agenda for Apec

EDITORIAL
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11/13/2010
Noynoy is in Yokohama, Japan, for the yearly Asia-Pacific Economic Cooperation (Apec) forum Leaders’ Summit that starts today with most of the nation clueless on what his purpose is, in attending the grand event.

Admittedly the Apec meetings were the most elaborate social events that leaders of Pacific Rim countries were obliged to attend yearly since it was formed in 1989. The more memorable parts of these yearly gatherings are dressing up the leaders with whatever the host country may think of. Silly or not, they have to wear these.

The official raison d’etre of Apec is the opening up of trade among 21 signatory countries to usher the biggest free trade area in the world comprising approximately 40 percent of the global population, 54 percent of world economic output, and about 44 percent of world trade.

The official Palace statement on the Apec trip of Noynoy indicated that he would be bringing concerns on the volatility of global currencies and a global response to disaster mitigation to the high-level assembly..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20101113com1.html

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