Taiwan establishes APEC’s first dedicated healthcare sub-fund

HomeUpdatesTaiwan establishes APEC’s first dedicated healthcare sub-fund
Taiwan established the Asia-Pacific Economic Cooperation Sub-Fund for the Future of Healthcare, the forum’s first such dedicated fund, highlighting government commitment to leveraging the country’s smart medical care strengths to reinforce Taiwan’s leading role in APEC’s discussions of digital healthcare while providing more business opportunities for domestic industries.
 
According to the Ministry of Foreign Affairs, Taiwan signed a memorandum of understanding to donate US$1.5 million to the fund on the sidelines of the Second APEC Senior Officials’ Meeting in Shanghai in May. The MOU was inked by Jonathan C. Y. Sun, director general of the MOFA’s Department of International Organizations, and Eduardo Pedrosa, executive director of the APEC Secretariat, and witnessed by representatives from Canada and the U.S.
 
Speaking at the event, Sun said that the fund aims to help member economies host relevant meetings and activities, harnessing public-private cooperation to implement patient-centered healthcare systems. It will facilitate the use of emerging technologies such as artificial intelligence to address medical challenges posed by demographic changes, he added.
 
In response, Pedrosa said that the fund aligns with the goals of the APEC Putrajaya Vision 2040 and the Aotearoa Plan of Action to advance people’s health and well-being. It will help member economies engage in healthcare policy dialogues and capacity-building initiatives to address economic and labor challenges posed by an aging population, he added.
 
Since Taiwan joined APEC in 1991, the country has actively attended meetings, proposed initiatives and hosted activities, the MOFA said. The government will continue to implement its integrated diplomacy initiative and combine public and private efforts to boost Taiwan’s APEC contributions, it added. (YCH-E)
 
Write to Taiwan Today at ttonline@mofa.gov.tw
 

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