Netherlands office signs agreement to promote circular economy in Taiwan
The Netherlands Trade and Investment Office (NTIO) has signed an agreement with the Taiwan Circular Economy Network, a privately held foundation, to help transform Taiwan into a more competitive resource-efficient economy.
The memorandum of understanding was reached last week by NTIO Representative Guy Wittich and Charles Huang, founder and chair- man of the Taiwan Circular Economy Network, to jointly promote the concept of a “circular economy” in the next three years, the NTIO said in a statement.
The MOU recognized the two agencies’ intention to share their knowledge and information to create circular economy opportunities and growth among Taiwan and Netherlands, said the NTIO, the main Dutch office in Taiwan in the absence of diplomatic ties.
The emphasis of the agreement will be on the application of commercialization of the circular economy in regard to business models, circular assessments, technical solutions and policy tools, according to the office.
A circular economy is one that is restorative and regenerative by design, and which aims to keep products, components and materials at their highest utility and value at all times, distinguishing between technical and biological cycles.
The Taiwan Circular Economy Network is a member of the Circular Economy 100 program launched by the Ellen MacArthur Foundation, which was established in 2010 with the aim of accelerating the transition to the circular economy.
The Global Partners of the Ellen MacArthur Foundation include Cisco, Google, Kingfisher, Philips and Unilever.