highlighted in 44th St Gallen Symposium
Secretary Purisima with the speakers to the 44th St. Gallen Symposium
Secretary Cesar V. Purisima took center stage in the 44th St Gallen
Symposium held at the University of St Gallen in Switzerland on 8 May. In the opening session of the symposium, he
highlighted the ongoing reforms in the Philippine economy and its
strengths. It took place the same day
that Standard and Poors upgraded the Philippines’ credit rating.
St Gallen Symposium is a global gathering of “Leaders of Today and Tomorrow” that
takes place every May in this premier university in North Eastern
Switzerland. Its goal is to provide a
setting for discussion of current issues on management, politics and civil
society. This year’s topic was “The
Clash of generations”, which focused on the growing concern regarding societal
structure, its implications on productivity, and social cohesion.
Purisima also had a working session wherein he discussed the prospects of the
ASEAN Economic Community 2015. He
stressed on the competitiveness and viability of the ASEAN market vis-à-vis
other similarly situated markets in the world.
participation of Secretary Purisima in the St Gallen Symposium put a strong
focus on the economic strengths of the Philippines. According to Philippine Ambassador to
Switzerland Leslie Baja, there is growing interest in the Philippines bilateral
economic relations with Switzerland, coming on the heels of the signing of the
Agreement establishing the Joint Economic Commission (JEC) and the forthcoming signing
of the Joint Declaration to negotiate a Free Trade Agreement with the European
Free Trade Area (EFTA). He said that a high level Swiss delegation
will be going to the Philippines in July for the first meeting of the JEC.