Nether­lands of­fice signs agree­ment to pro­mote cir­cu­lar econ­omy in Tai­wan

The China Post - - TAIWAN BUSINESS -

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.

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