MANILA – President Ferdinand Marcos Jr. will raise the issue of food and energy security at the Asia-Pacific Economic Cooperation (APEC) summit in Bangkok, the Foreign Ministry announced Monday.
Marcos will be in Thailand Nov. 16-19 to attend the APEC Economic Leaders’ Meeting, the DFA said.
“The President will draw attention to the need to ensure food security, energy security as well as the robust response of APEC economies to the challenge of climate change adaptation and mitigation,” said the President. ‘Asec of Foreign Affairs. Eric Tamayo, who is also the Director General of the Philippines-APEC Secretariat.
“When it comes to energy, we have seen energy prices go up and again these are critical inputs and essential components to keep the wheels of the economy going,” he said. he told reporters in Malacañang.
In October, Marcos said the Philippines was open to importing oil and fertilizer from Russia even as other countries imposed sanctions on the European giant for its continued aggression against Ukraine.
Despite this earlier statement, Marcos is not expected to comment on the Russian-Ukrainian conflict which has been a major cause of inflation around the world, Tamayo said.
“The President and the Philippines have made statements in the appropriate forum at our stand in Ukraine and we will focus our efforts within APEC on economic issues affecting the region,” he said.
“Bilateral problems [between Russia and the Philippines] will not be part of discussions on the APEC platform, although in the context of the President’s advocacy on food security, reference will be made to rising prices and food inputs,” he said. declared.
“It’s something every economy is concerned about: rising inflation and its impact on our efforts to facilitate a rapid economic recovery in the region,” he said.
Tamayo pointed out that “APEC is the Philippines’ most important non-binding multilateral regional commitment.”
APEC economies account for 85% of the Philippines’ total trade, about 80% of tourist inflows and 68% of remittances to the Philippines, according to DFA data.
“APEC is an opportunity for us to advance our economic agenda and priorities,” said Cheloy Garafil, head of the press secretary’s office.
“These include empowering our MSMEs and including them in global value chains, recognizing the critical role of our maritime crews and seafarers in ensuring stable and resilient supply chains , ensuring our food and energy security and climate change mitigation and adaptation,” she said. .
6 BILATERAL MEETINGS
Marcos is expected to have bilateral meetings with at least 6 heads of state on the sidelines of APEC, the DFA official said.
“The arrangements are still being finalized, so I am not yet free to disclose at this time what savings it is. We are still finalizing the details for this,” Tamayo said.
World leaders expected to attend the APEC summit include Chinese President Xi Jinping, Japanese Prime Minister Fumio Kishida, Canadian Prime Minister Justin Trudeau and Russian President Vladimir Putin, among other leaders from the 21 member economies of the APEC. organization.
“It is certain that the president will push for APEC to revitalize its role as the engine of global economic growth,” Tamayo said.
MEETING WITH INVESTORS
During his 4-day stay in Bangkok, Marcos will also meet with Thailand-based business leaders “in hopes of attracting potential business and investment to the Philippines”, Tamayo said.
“It is important for us to emphasize that economies have to cope, have to sustain regions to respond to these disruptions, whether they come from the pandemic and other disruptions around the world,” he said. .
“It focuses on the drivers of economies, in particular ensuring the flow and functioning of various supply chains across the globe, the critical role of essential workers, especially our maritime crew,” he said. .
Tamayo declined to say which industries could benefit from Marcos’ business meetings in Bangkok, noting that the Ministry of Trade and Investments is still finalizing the list.
Marcos is also expected to meet the Filipino community in Bangkok.
This year’s APEC Economic Leaders’ Meeting will be the first in-person meeting since 2018 after the COVID-19 pandemic disrupted travel and physical meetings for the past few years.
The President will also attend the APEC CEO Summit, which is a meeting of the region’s top business leaders. He will meet with Thai business leaders to discuss business opportunities, investments and expansion plans.
He will also have the opportunity to meet leaders of economies to discuss our bilateral relations and seek avenues for mutual economic benefits.
The president will also meet his Filipino supporters in Thailand.