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Philippine President Announces Clark as Venue for ASEAN Summit, Seeks Private Sector Involvement

Strategic Insights

— 1 min read

Philippine President Gloria Macapagal-Arroyo has chosen Clark as the venue for the Association of Southeast Asian Nations (ASEAN) summit in 2007, marking a major development in the region's efforts to strengthen economic ties. The President has expressed confidence that the private sector will undertake the construction of necessary facilities for the meeting of ASEAN leaders. The move aims to transform Clark into a world-class logistics hub, leveraging its cost competitiveness to attract investors.

Key Takeaways:

  • The Philippine President has chosen Clark as the venue for the ASEAN summit in 2007, a significant development for the region's economic ties.
  • President Macapagal-Arroyo is confident that the private sector will undertake the construction of necessary facilities for the meeting of ASEAN leaders.
  • The move aims to transform Clark into a world-class logistics hub, developing infrastructure for airline services, maintenance facilities, low-cost flights, and leisure and entertainment spots.
  • Clark Development Corp. president Antonio Ng states that the development plan is in line with the President's vision, covering provisions for airline services and maintenance facilities.
  • The plan also seeks to make Clark the first choice of investors due to its cost competitiveness and aims to establish it as a major economic hub.

Statistics:

  • ASEAN is composed of 10 member states: the Philippines, Brunei, Malaysia, Singapore, Thailand, Indonesia, Cambodia, Vietnam, Laos, and Myanmar.
  • ASEAN plus Three includes China, Japan, and South Korea, and maintains close economic relations with Australia and New Zealand.
  • The United Parcel Service (UPS) has expanded its international cargo handling facilities in Clark, coinciding with the third anniversary of its Philippine operations.
  • The development plan for Clark, led by Clark Development Corp., aims to establish it as a world-class logistics hub, launching it as a major economic hub.

Sources:

  • "The Philippine President Announces Clark as Venue for ASEAN Summit, Seeks Private Sector Involvement." April 5 Asia Pulse.
  • Presidential Communications Group (PNA) May 04 1612

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