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Economics minister leaves for APEC meeting

2012/06/01 22:51:50

Taipei, June 1 (CNA) Economics Minister Shih Yen-shiang departed Friday for Russia for meetings with other Asia Pacific trade ministers, where they are expected to discuss measures to facilitate free trade and investment.

Trade ministers from the Asia Pacific Economic Cooperation (APEC) forum will exchange views on boosting liberalization in trade and investment, improving regional economic integration, strengthening food security, establishing reliable supply chains and fostering innovation.

Shih said he hoped the meetings, which will take place in Kazan June 4-5, will achieve significant results.

He is expected to back the efforts of the United States and Japan to expand the Information Technology Agreement, which removes duties on a number of information and communications technology products.

The trade ministers also hope to develop a list of environmental goods and services that will be subject to tariffs cuts to boost green trade liberalization.

Shih and his delegation, comprising officials from the Council of Agriculture, Ministry of Foreign Affairs and Department of Health, will also hold discussions with APEC members on bilateral trade issues.

Meanwhile, an emergency food storage mechanism proposed by Taiwan was adopted at na APEC ministerial meeting on food security that ended Thursday in Kazan, the Council of Agriculture said.

The council said Taiwan will need to work with the 20 countries in the United Nations World Food Programme and Association of Southeast Asian Nation Plus Three countries that already have food assistance programs to figure out how to run the new emergency food mechanism.

(By Chiu Chun-chin and Scully Hsiao)