President Ferdinand R. Marcos Jr. urged Asia-Pacific economies to empower micro, small and medium enterprises (MSMEs) and support digital trade to ensure inclusive and resilient growth amid global disruptions.
“By streamlining rules, investing in digital infrastructure and platforms, and equipping our MSMEs and workforce with the skills and tools they need to compete globally, we can secure our collective resilience and ensure that growth remains inclusive,” Marcos said at the APEC Economic Leaders’ Meeting here Friday.
He highlighted the need for regulatory reforms, digitalization, and skills development to build “smarter and more sustainable supply chains.”
Marcos said the Philippines continues to strengthen its framework for public-private collaboration, citing the Public-Private Partnership Code of the Philippines (Republic Act 11966) enacted in 2023, which he called a “landmark legislation” that fosters business confidence and investment.
“This law embodies our commitment to creating an enabling environment where private enterprises can actively contribute to domestic and regional development goals,” he said.
The President also encouraged deeper cooperation with the APEC Business Advisory Council (ABAC) to close investment gaps in energy, digital transformation, and infrastructure.
“We see the business community as our kabalikat, our steadfast partners, in building a more connected and resilient APEC region,” Marcos said.
He added that the Philippines supports the proposed new services agenda and the upcoming “Incheon Plan” under the APEC Finance Ministers’ Process, designed to address emerging challenges through fiscal innovation and climate resilience.
“Together, we can unlock the full potential of our peoples to foster peace, bolster shared prosperity, and build resilience across our region and beyond,” Marcos said.
The Chief Executive is in South Korea to join fellow Asia-Pacific leaders for the APEC Summit. He is also set to deliver a speech before top business leaders in the region later Friday, where he is expected to position the Philippines as a key investment hub.
