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QUEZON CITY, Dec. 12 As a member-economy of the Asia-Pacific Economic Cooperation (APEC), the Philippines is presented with trade and investment opportunities that it should seize to pursue domestic reforms and create a more productive and competitive industry sector.
Francis Mark Quimba, senior research fellow at the Philippine Institute for Development Studies (PIDS) and director of the Philippine APEC Study Center Network (PASCN), said that “the pressure is on the domestic side to make use of the transfer of ideas and concepts” that is happening among APEC’s member-economies. Quimba presented two PIDS studies on APEC, focusing on its role in Philippine trade and investment, at a webinar organized by PIDS recently.