THE election of former President Gloria M. Macapagal-Arroyo as a board director of the highly-influential Boao Forum for Asia (BFA) should be welcomed by all sectors of Philippine society.
For one, the business forum is seen by many to play even bigger role in world economic affairs in the years ahead, with China poised to becoming the largest economy in the world.
For another, Arroyo’s election to the BFA shows that Filipinos are at par with other world leaders.
BFA is an annual gathering of influential business leaders, government officials, scholars and journalists to discuss issues and concerns that affect Asia-Pacific economy and businesses.
After winning the elections held in Boao, Hainan, China, Arroyo, expects the forum to become much more important because of the importance of China in the world economy.
“Today, it is poised to become the largest economy in the world. So the leadership of China on the Boao Forum makes the BFA very, very important,” said Arroyo, an economist.
Mrs. Arroyo joined President Duterte in his trip to China to attend the business forum, held at the BFA International Convention Center in Boao, with Chinese President Xi Jinping.
She was among the 12 newly-elected members of the 19-strong BFA board of directors during their meeting last Monday.
Co-founders of the business forum were former President Fidel V. Ramos, ex-Australian Prime Minister Bob Hawke and former Japanese Prime Minister Morihiro Hosokawa.
With Mrs. Arroyo as a member of the BFA board of directors, the Philippines, along with other countries, is expected to play a stellar role in the discussion of today’s pressing economic issues.