APEC Twenty-Seventeen

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APEC VIETNAM HERE WE GO.

The Asia-Pacific Economic Cooperation (APEC) is a regional economic forum who's aims are to make the people of the region prosper. Discussions in this gathering include promoting an innovative, inclusive, sustainable growth and free trade. They assure that produce, service, and citizens of the countries involved are able to move across borders with ease.

It affects the Philippines that it will grow the income per capita that can lift millions of people from hardships. It can also bring countries together by decreasing our trade barriers leading to an increase in our success. it can further advance our economic growth that can radically increase the living standards in the country.

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Countries participating in the APEC Summit 2017 in Vietnam are the following:

• Australia
• Brunei Darussalam
• Canada
• Chile
• China
• Hong Kong-China
• Indonesia,
• Japan
• Republic of Korea
• Malaysia,
• Mexico
• New Zealand
• Papua New Guinea
• Peru
• Philippines
• Russia
• Singapore
• Chinese Taipei
• Thailand
• United States
• Vietnam

In this event, the Philippines should work on transnational trade and economic cooperation. Because of the decline of foreign trade in the Philippines,  the Summit would serve as a great way to allure foreign investors to the country. President Duterte should bring up ways to refine the development of countries and heighten the possibility of investment because our country continues to face hardships. This will improve not only the economic but the social well being of life in the Philippines.

Sources: https://www.apec.org/About-Us/About-APEC/Achievements-and-Benefits