MANILA, Philippines – The Philippines first hosted the APEC summit in 1996 in Subic, Zambales. Back then, the country was dubbed as "Asia's next economic tiger."
Liberalizing the telecommunications services sector was considered its major success, but for this year, several economists said it could be placing MSMEs at the front and center of regional trade.
The Asia-Pacific Economic Cooperation is composed of 21 member-economies: Australia, Brunei, Canada, Chile, People’s Republic of China, Chinese Taipei, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, South Korea, Thailand, the United States of America, and Vietnam.
Watch Day 2 of the APEC summit here live. – Rappler.com