The Philippines will spearhead a Public-Private Dialogue (PPD) entitled “Fostering SME Growth through Inclusive Business” on 27 August at Marco Polo Plaza in Cebu City. The dialogue will happen at the margins of Third APEC Senior Officials’ Meeting (SOM3) and Related Meetings. The PPD is aligned with the 2015 APEC theme of “Building Inclusive Economies for Building a Better World” and also with APEC Leaders’ Declaration made in Yokohama in November 2010.

This PPD aims to raise awareness through exchange of information and best practices on Inclusive Business (IB) models in agribusiness, manufacturing and services. It would stress the importance of developing SMEs through inclusive business to create jobs, increase income and improve quality of life.

IB as defined refers to profitable business activities that deliberately target the low income segment as part of their value proposition in doing business. Local and international speakers from APEC member economies are invited to share own experiences on IB and IB-related activities and programs. Experts from Asian Development Bank, United Nations Development Programme, World Economic Forum, Kennemer Foods International, Dow Chemicals, Cemex Philippines and Indonesia Business Council will also share their insights about IB and IB-related activities and investments in the APEC region.

The DTI Secretary Gregory L. Domingo has been invited to deliver the Opening Remarks for the PPD, while the Cabinet Secretary, Mr. Jose Rene D. Almendras will deliver the keynote address focused on “Building Inclusive Businesses – The Role of the Private and Public Sector.” Experts from Asian Development Bank, United Nations Development Programme, World Economic Forum, Kennemer Foods International, Dow Chemicals, Cemex Philippines and Indonesia Business Council will also share their insights about IB and IB-related activities and investments in the APEC region. The results of the PPD will be reported by the Philippine Delegation and discussed by the APEC Investment Experts’ Group (IEG) meetings on 28-29 August. (END)