In his speech during the opening of the 3rd ABAC Meeting in Cebu City, the President recognized that the APEC's efforts cover small businesses and that governments have the responsibility to foster them.President Ferdinand R. Marcos Jr. Photo from PCO'Our multilateral efforts also serve to enable the inclusive development of our sectors with untapped economic potential.
Es make up the majority of our businesses and sources of employment. Thus, it behooves us to equip them with digital tools and skills to enable their participation in the digital economy,' he said.The President welcomed ABAC's recommendation to globalize Es and expressed confidence that this will materialize.'I am heartened to receive the recommendation of ABAC to form a successor initiative to the Boracay Action Agenda to globalize
Es,' Marcos said.Malacañang said that top business leaders from the 21 APEC Economies will discuss ABAC's approved 2023 Work Program and highlight several issues ranging from economic integration to sustainable growth.'Finally, we need not only the cooperation but the leadership of the business sector in setting up standards on responsible business conduct that will encourage sustainable practices while balancing rapid growth, not a simple job to do,' Marcos said.
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