In order to better educate the PSU community – especially its students – about the basics and significance of the Asia-Pacific Economic Cooperation (APEC), the Palawan State University hosted the APEC 101 Roadshow on December 4, 2015 at the Performing Arts Center.
The venue was filled with students and faculty eager to listen to Laura Del Rosario, Undersecretary for International Economic Relations from the Department of Foreign Affairs (DFA), the resource speaker for the event.
During the lecture, USec. Del Rosario gave a brief history of economics, trade and commerce throughout the world and in particular the trade relations between the Philippines and other countries dating back to pre-colonial times. She highlighted how the change and evolution of such practices throughout the years have shaped the world as it is today, and how APEC as a whole incorporates new standards, principles and practices for better integration between the APEC member countries.
She added that it is important for younger generations today in the Philippines to understand the workings of the Philippine economy and how it affects the country’s trade relations with its neighbors.
APEC is composed of 21 member economies, and seeks to actively promote free trade in the Asia-Pacific region. It was established in 1989.