Aquino in Laos for 9th ASEM

Posted on Sunday, November 4th, 2012 and is filed under ASEAN, ASEAN, Europe, Lead Stories, World. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

VIENTIANE, Laos/04 November 2012 by Frencie Carreon—President Benigno Simeon Aquino is set to attend the two-day 9th Asia-Europe Meeting (ASEM 9) that begins tomorrow.

Department of Foreign Affairs officials said the ASEM is a dialogue process  among 48 partners, covering all ten ASEAN member-countries, 9 other Asian countries, 27 member states of the European Union (EU), the European Commission, and the ASEAN Secretariat.

ASEM is the only forum where the EU and Asia engage one anohter at its highest level of government, with no less than heads of state in attendance.

Aquino arrived here today, and is set to meet tonight some 300 Filipinos who comprise the Pinoy community in Laos.

The president’s presence indicates the Philippines’ renewed focus on Europe, reaffirming its significant economic and political partnership.

Europe is the Philippines’ third largest trade partner after North America and Asia.  EU-PH trade relations hit a US$13 billion mark, or 12% of Philippine total trade to the world.  EU investments to PH also in 2011 reached P33.3 billion from investments to the country by the UK, France, Netherlands, and Germany.

The DFA-PISU announced to the Filipino press that Switzerland is a non-EU member-country but an incoming ASEM partner, a major investor that poured in 2011 P2.049 billion Swiss investments.

The Philippines, foreign affairs officials added, is now opening its economic doors to Finland, Russia, and Spain for business and trade investments.  (Frencie Carreon)

Comments are closed.

Photo Gallery