APEC Leaders Plenary Session Opens in Manila

© REUTERS / Philippe Lopez/PoolPhilippine President Benigno Aquino (C) is joined by other leaders and representatives of the APEC Business Advisory Council (ABAC) for a group photo, ahead of the official welcome for Asia-Pacific Economic Cooperation (APEC) leaders in Manila November 18, 2015
Philippine President Benigno Aquino (C) is joined by other leaders and representatives of the APEC Business Advisory Council (ABAC) for a group photo, ahead of the official welcome for Asia-Pacific Economic Cooperation (APEC) leaders in Manila November 18, 2015 - Sputnik International
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Leaders of Asia-Pacific Economic Cooperation (APEC) economies have started a plenary session in Manila, a Sputnik correspondent reported Wednesday.

A man walks in front of the APEC 2015 logo in Manila, Philippines on Sunday, Nov. 15, 2015 - Sputnik International
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MANILA (Sputnik) — During the plenary session, the Asia-Pacific leaders will review the recommendations prepared by trade ministers as a result of their two-day work with business representatives and will define avenues of APEC work for the coming year.

The APEC summit is currently underway in the Philippine capital bringing together 21 Pacific Rim member economies.

“When there are significant movements in global economy, we need to revisit our policies to remain competitive,” Philippine President Benigno Aquino said at the opening of the plenary session of the APEC leaders.

Majority of APEC leaders are present at the summit, including US President Barack Obama, Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe. Russia and Indonesia are represented by the prime minister and vice president correspondingly.

According to the Philippine president, the APEC member states will also discuss regional economy growth through services, infrastructure finance, as well as growth of micro to medium enterprises and promotion of sustainable development.

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