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, and inclusive sustainable growth
across the region. To this end, the Contributor agrees to
contribute to the APEC Support Fund (ASF) Human Security Sub
Fund, ASF Digital Innovation Sub Fund, ASF Women and the Economy
Sub Fund, and APEC Policy Support Unit in the year 2021.

Amount of the Contribution
The Contributor will provide a total amount of USD 1,500,000
(the Contribution) to the Recipient into an account specified by
the Recipient in the year 2021. The Recipient will transfer the
designated amount specified by the Contributor to the
appropriate funds or accounts. Of the Contribution, USD 400,000
will be directed to ASF Human Security Sub Fund, USD 500,000
will be directed to ASF Digital Innovation Sub Fund, whereas
another USD 500,000 will be directed to ASF Women and the
Economy Sub Fund, and USD 100,000 will be directed to APEC
Policy Support Unit in the year 2021. The transfer will be made
in accordance with the appropriate and applicable laws and
regulations of Chinese Taipei, and within its budget
appropriations.

Management of the Contribution
The Recipient will keep full financial records of the
Contribution to the ASF Human Security Sub Fund, ASF Digital
Innovation Sub Fund, ASF Women and the Economy 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
The APEC Secretariat may call for and receive project proposals
from interested economies or fora, while interested economies,
including the Contributor may apply for the APEC Support Fund
under the established procedures and guidelines on APEC
projects. The APEC Senior Officials ’ Meeting (SOM), committees
and relevant sub-fora will assess the proposals, where
appropriate, in accordance with jointly determined criteria and
procedures and the APEC Secretariat 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 an Annual Report of the activities of
the ASF including acquittals. The Report will be considered by
BMC and the Contributor. The Report for the APEC Policy Support
Unit will be considered by the APEC Policy Support Unit Board.
The Recipient will act upon comments made on the Annual Report
by the BMC and the Contributor.

Audit
Audited financial statements for the ASF will be prepared and
the auditor ’ s report will be presented to the BMC. A copy of
the audited financial statements will be provided to the
Contributor if requested. 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 Taipei on the 5th day of November, 2021
and at Singapore on the 5th day of November, 2021, in the
English language.


SIGNED for and on behalf of Chinese Taipei by

Ms. Sharon Shang-Nien Wu

APEC Senior Official
Director General
Department of International Organizations
Ministry of Foreign Affairs
………………………
Signature


SIGNED for and on behalf of the Asia Pacific
Economic Cooperation (APEC) Secretariat by

Tan Sri Dr. Rebecca Fatima Sta Maria
Executive Director
APEC Secretariat
………………………
Signature