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Taiwan donates to boost human security, regional integration: APEC

Taiwan donates to boost human security, regional integration: APEC

Manila, Sept. 6 (CNA) Taiwan has pledged to contribute US$700,000 in additional funding for Asia-Pacific Economic Cooperation (APEC) forum member initiatives to enhance human security and establish greater economic integration across the Asia-Pacific, according to a statement issued Sunday by the APEC Secretariat. A memorandum of understanding on the contribution was signed that day in Cebu by officials from Taiwan and the APEC Secretariat in Singapore, which administers member projects that put the policy directives of the region's leaders and ministers into action, as the Third APEC Senior Officials' Meeting (SOM3) was held in the Philippine city. The donation will fund projects through the remainder of 2015, including those advanced by APEC SOM3 to build secure, inclusive trade and growth among member economies. It will also fund research conducted by the APEC Policy Support Unit to bolster joint work towards these goals, according to the statement. "Chinese Taipei is seeking to build the capacity of APEC members to mitigate shared threats to people and society, and advance regional economic integration," said Hsu Pei-yung (???), APEC senior official for Chinese Taipei -- the name Taiwan has to use as its official title during international events. APEC members fund around 100 projects annually to bridge knowledge and resource gaps between them and realize common objectives. In 2014, they contributed US$9 million for projects such as technical workshops, training sessions and research, according to the statement. Currently, Taiwan is driving capacity-building projects to improve natural disaster resilience and business resumption in APEC economies. It is further boosting APEC work to improve food safety across supply chains, as well as energy security. To promote startup growth and commercial innovation, it will also host small and medium-sized enterprise officials, private investors and next-generation tech entrepreneurs in Taipei in October for the APEC Accelerator Network Summit and Global Challenge for Early Stage Investment, according to the statement. The APEC Secretariat welcomed Taiwan's donation, saying that the more closely it and its fellow APEC members work together, the more they will be able to secure the benefits that people and businesses throughout the region expect. (By Emerson Lim and Evelyn Kao)


Updated : 2021-09-21 17:23 GMT+08:00