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SMBA Head Proposes Actions to Invigorate Green Initiative in APEC   

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SMBA Administrator Kim, Dong-sun advanced recommendations to narrow the green industry technology gap among APEC economies.

Titled "Green Technology, the Next-Generation Growth Engine for SMEs", his proposal came at the APEC Small & Medium Enterprises Ministerial Meeting, which took place Oct 2-3 in Gifu, Japan.

Kim said, "Memorandums of Understanding among member economies are necessary to promote green technology exchanges and expertise dissemination."

The top Korean SME policymaker said that there should be more active green technology transfers among developed and developing economies by establishing joint ventures with leading green technology companies.

Furthermore, Kim proposed the promotion of a Clean Development Mechanism (CDM) project that would give carbon credits to industrialized economies when they transfer technologies or invest in green projects that reduce emissions in developing economies.

Kim's proposal was closely associated with the Korea-led Green Initiative, a new focus of the APEC SME Innovation Center, headquartered in Korea.

The Korean proposal has drawn positive responses from regional member economies. The Joint Ministerial Statement reads: "We recognize that the Daegu Initiative has successfully completed its first cycle (2006-2010), which gave member economies an opportunity to evaluate their own SME innovation policies, share best practices and ultimately facilitated innovation in the APEC region. We welcome the "Green Initiative" as the second cycle and look forward to the participation and support of APEC member economies."

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