WEF excellent ‘marketplace’ to sell nation
It’s a gathering of various leaders, CEOs and civil society. They must see our experience, especially during the pandemic, and we also want to learn from them
The Philippines’ growing capacity to expand amid global headwinds is attracting local and foreign investors, and the World Economic Forum in Davos, Switzerland, is presenting a perfect opportunity to show the world that the country is open for business.
During the Laging Handa Press Briefing, National Economic and Development Authority Undersecretary Rosemarie Edillon underscored the importance of how the Philippines can learn best practices from world leaders on the economy.
“It’s a gathering of various leaders, CEOs, and civil society. They must see our experience, especially during the pandemic, and we also want to learn from them,” Edillon added.
She added that world leaders are expected to discuss their knowledge of climate change and how other countries could implement climate action without sacrificing the nation’s development.
“That is important because we are now experiencing climate change. How did the countries do it? How are they adapting to this one?” she added.
“At the same time, we are also united in ensuring that we can mitigate this climate change as we are experiencing its adverse effects.”
For his part, Rizal Commercial Banking Corp. Michael Ricafort said that Marcos could bring opportunities in economics and technology.
WEF is a gathering of the most powerful and richest and the largest countries in business and industry, as well as those experts on the latest technology, as well as those multilateral agencies that are also there,” Ricafort said.
He added several big companies worldwide are also attending the World Economic Forum after it resumed for the first time in three years.
According to Ricafort, the form is a great opportunity that leaders should take advantage of as it would build ties, linkages, and relationships with the most powerful countries, the biggest businesses, and experts.
Since other biggest multinational companies are also attending, Ricafort said leaders might bring home new investments to their countries.
Marcos arrived in Davos on Monday morning Manila time to attend the conference, which he said was upon the invitation of WEF founder and chairperson Klaus Schwab.
The Association of Southeast Asian Nations meeting is only attended by one member state, the Philippines.