Taipei, Nov. 18 (CNA) Taiwan's representative to the Asia Pacific Economic Cooperation (APEC) Leaders' Summit and U.S. Secretary of State John Kerry said in Lima on Friday that the two sides intend to set up an "APEC Women and the Economy Sub-Fund."
The initiative was announced in a joint statement by James Soong (宋楚瑜), the chairman of the opposition People First Party, and Kerry at a breakfast celebrating the 5th anniversary of the APEC Women and the Economy declaration.
The sub-fund will support the key pillars of the APEC Policy Partnership on Women and the Economy (PPWE) -- access to capital, access to markets; skills and capacity building; women's leadership; and innovation and technology.
It will also support programs to eradicate barriers to women's participation in the economy and represents a concrete example of Taiwan's meaningful participation in and contribution to the international community, Taiwan's Ministry of Foreign Affairs said.
Beyond this new initiative between Taiwan and the United States under the APEC framework, the two countries will continue to cooperate in helping other countries in the area to further empower women, the ministry said.
(By Tang Pei-chun and Kuo Chung-han)