Manila and the Philippines in general are all abuzz about the upcoming APEC Economic Leaders’ summit. What are the issues? What are the questions? And why is everyone talking about Canada’s Prime Minister Justin Trudeau?
To start off let’s ask the big question – What is APEC? The Asian Pacific Economic Cooperation is about the economic growth of the members and their economic zones.
Twenty world leaders will join Philippine President Benigno Aquino III. The big guns include US President Barack Obama, Chinese President Xi Jinping, Russian President Vladimir Putin, and Japanese Prime Minister Shinzo Abe. Two are APEC first-timers: Canadian Prime Minister Trudeau, and Australian Prime Minister Malcolm Turnbull.
So how big is this “Asian-Pacific” economic summit and what do these leaders have in common?
Well it is as big as the Pacific Ocean and what they have in common is… The Pacific Ocean.
What is the purpose and goal of APEC summits?
The primary reason and purpose behind APEC’s establishment is the desire to have a forum that caters to the enhancement of economic conditions of states. This would entail the facilitation of economic growth, promotion of cooperation among states, liberalization of trade, and creation of opportunities for investments in the Asia-Pacific community.
Thus the leaders are not representing their countries political agendas but rather their economic agendas.
What is the difference?
There are 7,000 delegates, including captains of business like Alibaba’s Jack Ma, Uber’s David Plouffe, and AirAsia’s Tony Fernandes. Two thousand foreign journalists will be stationed at the World Trade Center in Pasay, which serves as the International Media Center. CNN’s resident business traveler Richard Quest is on the list.
In other words, the economic leaders include actual real life business leaders (sorry but Donald Trump couldn’t make it) representing their economic interests: airlines, fast food outlets and internet re-sellers being front and center.
So the next question – How does Canada fit in?
Canada was a founding member of the APEC forum in 1989 and has been active in helping APEC achieve its current status…
APEC’s 21 member economies account for more than half of global gross domestic product and they are home to more than 2.8 billion people. In 2014, APEC partners accounted for 84% of Canada’s total bilateral trade. Foreign direct investment from APEC economies in Canada was $398.8 billion in 2013.
This means Justin Trudeau our new Prime Minister will be attending just weeks after being sworn into office.
Does the world care if Justin Trudeau shows up?
But for many Apec watchers, especially among womenfolk, the greatest mystery that remains to be cracked is where newly elected Canadian Prime Minister Justin Trudeau will stay. As it is, people have been swooning over pictures and news articles about the Canada’s new head of state (the son of former Prime Minister Pierre Trudeau) online. So expect people to try to catch a glimpse of the dashing and youthful leader once his hotel of choice becomes known. Daxim L. Lucas
Are they getting Justin Trudeau and Justin Beaver [sic] mixed up?
Don’t try to hide it, you know the reason why APEC is going to be extra exciting this year is not just because of the economic strides or trade meetings, but also because Justin Trudeau will actually be coming here. The 43 year old bombshell of a prime minister has only been elected as Canada’s newest and second youngest prime minister just this month. He has made strides in social media for his unique choices of cabinet members– 50% are men, 50% are women, there’s an astronaut, a geologist, a Nobel Prize winner, a doctor, and a quadriplegic…
” Moreover, the newly-elected Trudeau could be the edgiest, most forward-thinking leader attending this year’s AELM (or even in the world). We can’t wait to see how he’ll contribute to the summit.
The answer is a resounding HELL NO. There is no mix up. The world is waiting for our new improved, mature and politically responsible Justin Trudeau to take front and center stage.