GMA spearheads ‘Davos of Asia’ or Boao Forum in Manila

House Speaker Gloria Macapagal Arroyo is spearheading the first-ever Boao Forum for Asia (BFA) in Manila on April 22 to 23.

Arroyo said the event, with a theme “Concerted Action for Common Development in the New Era”.

will bring together some of the country’s business leaders and their Chinese counterparts to explore the possibility of investing in both the Philippines and China and discuss other future
cooperation.

It will also foster closer ties and create goodwill between the Philippines and China, building on the momentum for cooperation created by President Rodrigo Duterte and China’s President Xi Jinping during his state visit last November, said Arroyo.

The former President, who extended the invitation to the BFA to hold the conference in Manila, is a member of the Board of the BFA.
The conference will gather approximately 300 participants, she said in a statement.

Among them will be some 100 business leaders from China, some 100 business leaders from Philippines and some 100 executives from the Chinese enterprises in Philippines.

Senior officials of the Philippine government and business chambers are also expected to address and interact with the audience.

The event will be attended by President Rodrigo Duterte who will deliver the keynote speech as well as BFA Secretary General Li Badong.

Members of the Cabinet and several Chinese officIals are also taking part in the event at the Shangri-La in BGC, Taguig City.

The conference “aims at helping the visiting Chinese entrepreneurs better understand the business environment and related policies of Philippines, introducing BFA to the Philippine government and business community and implementing the important consensus reached by top leaders of the two countries and strengthening the alignment of the Belt and Road initiative with the development strategies of the Philippines and ASEAN.”

The BFA, often referred to as the Davos of Asia, has become a high-end platform for dialogs among leaders of national governments, industrial and business circles, and academic circles of countries in Asia and other continents about the important issues in Asia, Arroyo said.

She said the BFA is dedicated to promoting Asian countries to achieve common development through further integration of regional economy.

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