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Taiwan proposal for loans to SMEs gains support at APEC meeting

2018/11/16 14:18:26

Port Moresby, Papua New Guinea, Nov. 16 (CNA) A proposal by Taiwan to offer loans to women running small businesses was strongly supported by eight APEC member economies, including China, at a meeting Thursday.

Co-sponsored by Taiwan and Russia, the proposal was endorsed by Australia, Chile, China, Indonesia, Japan, Malaysia, Peru and Vietnam at the annual ministerial meeting of the Asia-Pacific Economic Cooperation (APEC) forum.

Under the proposal, women in APEC member economies who run micro, small and medium-sized enterprises would have better access to funding via a financial support system devised by APEC.

Further discussion on the proposal will be held in November or December at APEC seminars with the aim of creating such a system for female entrepreneurs in APEC economies.

Bob Chen (陳龍錦), director-general of the Department of International Organizations in the Ministry of Foreign Affairs, had said recently that Taiwan and China could engage in positive interaction under the APEC framework.

Taiwan's delegation to the APEC Ministers Meeting is being led by National Development Council Minister Chen Mei-ling (陳美伶) and Minister without Portfolio John Deng (鄧振中).

(By Liao Yu-yang and Flor Wang)