Friday, November 6, 2015

Philippines' APEC hosting to have positive impact on country’s tourism, investments

This year's hosting of the Asia-Pacific Economic Cooperation (APEC) Summit has given the Philippines a "unique opportunity" to highlight the country's economic potentials to companies and entrepreneurs throughout the region.

This was emphasized by sociopolitical analyst, De La Salle University Assistant Professor Richard Heydarian, as the Philippines gears up to host the APEC Economic Leaders’ Meeting (AELM) to be held on November 18 and 19 at the Philippine International Convention Center (PICC) in Pasay City.

"A successful and impressive hosting of the APEC will surely help sustain and even augment the (Philippines') increasingly less bleak international image, and this may have some knock-on effects in the realm of tourism and investments," said Heydarian, who is also an opinion columnist for international media outlets Al Jazeera and The Huffington Post.

"We will be in the global spotlight when world leaders gather here soon," he added.

The AELM will gather leaders of 21 APEC member economies, among them Japanese Prime Minister Shinzo Abe, Russian President Vladimir Putin and United States President Barack Obama, and up to 20,000 participants -- support staff, security, media and businessmen.

Preparations for the meetings have been underway since last year, and the cities of Cebu and Iloilo have hosted related meetings.

The local governments of both provinces said the APEC delegation has boosted tourism in their respective cities, and more are expected to come after the delegates "enjoyed" the Filipino hospitality and local sites.

Malacañang also assured that the Philippines is ready to welcome the Asia-Pacific leaders later this month, and measures have been placed to deal with protesters and related security issues.

There would be road closures, no-fly zones, and traffic rerouting schemes during the summit week from November 16 to 20.

Heydarian however said that "it takes way more than hosting a single event to bring in quality investments and revamp our tourism sector".

He noted that the Philippines must engage in massive infrastructure development and reduction of red tape to attract much needed investments. (PNA/PCOO News Release)

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