President Ferdinand “Bongbong” Marcos Jr. told fellow Asia-Pacific Economic Cooperation (APEC) they should pay ample attention to challenges confronting the region’s shipping and logistics services sector, saying they have been doing the opposite.
BANGKOK, Thailand—President Ferdinand “Bongbong” Marcos Jr. told fellow Asia-Pacific Economic Cooperation they should pay ample attention to challenges confronting the region’s shipping and logistics services sector, saying they have been doing the opposite.“Shipping and logistics services are the backbone of global trade and investment and yet, we have not paid them ample attention,” Marcos said in his intervention during the APEC Leaders’ informal dialogue on Friday, Nov. 18.
“With logistics being a pivotal part of supply chains, this limits the integration of our products in global value chains and cuts our access to critical raw materials,” Marcos said. He stressed that there are ways to address non-trade and other related measures without depriving businesses and MSMEs of access and participation in supply chains.
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