ABAC PH pushes for services competitiveness in the Asia Pacific region

 

13 August 2018 – At the Fourth Annual Meeting of the Asia Pacific Services Coalition (APSC) in Port Moresby, the Philippine Services Coalition (PSC) pushed for the competitiveness of the services sector through government and private sector collaboration. Representing PSC, ABAC Philippines’ Bill Luz stressed the need for more public-private dialogues that are targeted and that provides concrete recommendations to address specific concerns of the sector.

Held at the sidelines of the Third APEC 2018 Senior Officials’ meeting, ABAC Philippines also participated in the Public-Private Dialogue on E-commerce Services on August 12. The dialogue sought to address the challenges and reap the benefits of trade in services through digitization. ABAC Philippines emphasized that APEC is not only about collective action but also a responsibility of individual economy. “We cannot expect to come together and resolve our problems when back home we have our own unresolved issues, said Bill Luz. “Individual action plans are very important because domestic regulatory regimes are sometimes the ones that prove to be problematic.”


Launched in 2015, during the Philippines’ hosting of APEC, APSC members composed of the major business organizations focused on services in the Asia Pacific region agreed to develop closer cooperation and dialogue aimed at fostering growth and efficiency in the services sectors.

ABAC Philippines championed the revitalization of the Philippine Services Coalition in 2015. The PSC became one of the founding members and serves as the country’s official representative to the Asia-Pacific Services Coalition. Currently jointly convened by Makati Business Club and the Philippine Chamber of Commerce and Industry, PSC serves as a platform for the country’s services industries to advocate for meaningful reforms to strengthen the services sector.

ABAC Philippines has also identified services as a focus area, in particular, promoting a Philippine services agenda and labor mobility. A work program is being developed to build a globally competitive services agenda around key subsectors of high impact and potential. At the APEC-level, ABAC PH championed people-to-people connectivity through the Earn-Learn-Return model as a framework for the management of the movement of workers around the region.

 

 

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