Thursday, March 28, 2013

PH as ‘Northern Gateway’ to integrated Asean

Finance Secretary Cesar Purisima highlighted the increasing prominence of the Philippine economy in ASEAN at Standard Chartered’s Singapore Forum 2013 last March 20. Purisima was invited as a panelist during the panel discussion “Spotlight on ASEAN”, which was attended by executives from leading corporations and institutional investors throughout Southeast Asia.

“We in the Philippines look forward to ASEAN Integration in 2015. Our hope is that the Philippines will be the Northern and Pacific Gateway to ASEAN. The Aquino Administration is committed to ensuring that we continue to invest in infrastructure, our people, and address the constraints to growth to ensure that our people are ready to take full advantage and be part of an integrated ASEAN.”, Purisima said.

The ASEAN is currently pursuing regional market integration through the progress of the ASEAN Economic Community (AEC) inititatives, which are targeted to be accomplished by the year 2015. The AEC covers areas such as lowering of trade barriers, mutual recognition of professional standards, and capital market integrations.

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