The Parties to the MOU

Contributor: Chinese Taipei
Recipient: Asia-Pacific Economic Cooperation (APEC) Secretariat

Purpose of the MOU
The Contributor is willing to make a voluntary contribution to
relevant APEC funds, in support of APEC ’ s Economic and
Technical Cooperation (ECOTECH) activities, which meet the
capacity building needs of APEC members as well as promoting
regional economic integration. To this end, the Contributor has
decided to contribute to the APEC Support Fund (untied), APEC
Support Fund Human Security Sub Fund and APEC Policy Support
Unit.

Amount of the Contribution
The Contributor will provide a total amount of USD500,000 (the
Contribution) to the Recipient into an account specified by the
Recipient in the year 2016. The Recipient will transfer the
designated amount specified by the Contributor to the
appropriate funds or accounts. Of the Contribution, 250,000 US
dollars will be directed to the APEC Support Fund untied whereas
another 200,000 US dollars will be directed to APEC Support Fund
Human Security Sub Fund and 50,000 US dollars will be directed
to APEC Policy Support Unit in the year 2016, subject to the
appropriate and applicable laws and regulations of Chinese
Taipei, and within its budget appropriations.

Management of the Contribution
The Recipient will exercise administrative and financial
management of the contribution and will maintain full records of
the contribution to the APEC Support Fund, APEC Support Fund
Human Security Sub Fund and APEC Policy Support Unit, including
accounts of income and expenditure. The Recipient will make
available the information on all the transactions of the
contribution in the aforementioned accounts to the Contributor
through the independent Annual Auditor ’ s Report and written
reports if requested by the Contributor.

Approval of Projects
For the APEC Support Fund and APEC Support Fund Human Security
Sub Fund, both the Contributor and the Recipient may call for
and receive project proposals from interested economies or fora
or may commission projects. The APEC Senior Officials ’ Meeting
(SOM), committees and sub-fora will assess the proposals in
accordance with jointly determined criteria and procedures and
the Recipient will make recommendations to the Budget and
Management Committee (BMC) for the approval of the projects. The
Recipient will hold early consultations with the Contributor
before the projects are referred to the BMC for approval if
needed and as appropriate. For the APEC Policy Support Unit, the
projects will be managed in accordance with its Governance
Arrangements.

Annual Reports
The Recipient will prepare Annual Reports of the APEC Support
Fund, covering the APEC Support Fund Human Security Sub Fund,
and APEC Policy Support Unit and in the process will closely
coordinate with the Contributor in preparing the part of the
Annual Reports on activities in relation to the Contributor ’ s
Contribution. The Report for the APEC Support Fund, covering the
APEC Support Fund Human Security Sub Fund, will be considered by
BMC and SOM. The Report for the APEC Policy Support Unit will be
considered by the APEC Policy Support Unit Board. The comments
of SOM on the Annual Reports will be acted upon by the
Recipient.

Audit
The accounts of the APEC Support Fund, covering the APEC Support
Fund Human Security Sub Fund, and the Annual Reports will be
audited each year by the auditors of the Recipient. The Auditor
’ s Report and the Annual Reports will be considered by APEC ’
s BMC and SOM. The Recipient will take all necessary measures to
take into account and rectify remarks BMC and SOM may have with
regard to the Annual Reports and the Annual Auditor ’ s Report.
The accounts of the APEC Policy Support Unit will be audited and
prepared in accordance with its Governance Arrangements.

Recognition of the Contribution
APEC will specify the contribution of the Chinese Taipei in
relevant meetings, reports and press releases.

Termination
This MOU will come into effect on the date of signature and may
be terminated, in whole or in part, by either Party at any time
upon 30 days ’ written notice of termination. Upon termination
of the MOU, the Contributor remains committed to provide funds
to those projects that have already been approved under this
MOU. The Recipient will return any uncommitted funds to the
Contributor 30 days after receipt of the notification.

Signed in duplicate at Lima, Peru on the 25th day of August,
2016, in the English language.


SIGNED for and on SIGNED for and on
behalf of Chinese behalf of the Asia-
Taipei by Pacific Economic
Cooperation Secretariat

…………………… ……………………
Ambassador Dr Alan Bollard
Pei-Yung Hsu

Chinese Taipei APEC Executive Director
Senior Official Asia-Pacific Economic
Director General Cooperation (APEC)
Department of Secretariat
International
Organizations
Ministry of Foreign
Affairs

Witness

…………………… ……………………
Hui-Chuan Connie Chang Hew Wei Yen
(Denis Hew)