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3.25. To encourage the prioritization of green sustainability among businesses, investors, and consumers, and to promote support from the financial sector for green energy development, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu has been undertaking green finance initiatives since 2017. A series of action plans have been introduced since then. On September 2022, the Green Finance Action Plan 3.0 was released to enhance the quality and content of ESG information disclosures, strengthen climate risk management of financial institutions, promote GHG emissions inventory disclosures, and establish a sustainable taxonomy.

3.26. A new plan to improve the overall competitiveness of SMEs was also adopted in October 2022 to assist SMEs embrace new international opportunities in net-zero emissions. Actions have been taken to enhance carbon reduction capabilities, foster relevant talent, support the low-carbon transformation of the manufacturing and service industries, guide export-oriented SMEs to comply with international carbon footprint verification standards, expand domestic capabilities to verify carbon emissions, and provide support for low-carbon measures such as green and sustainable preferential loans.

3.27. The economic development objectives of the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu encompass not only the pursuit of sustainable growth but also the promotion of social inclusivity. (...)

3.29. The government values the development of SMEs, and aims to enhance their competitiveness, foster new opportunities, and accelerate industry transitions and development to address the challenges posed by the digital economy, sustainable development, local innovation, and global challenges in the post-pandemic era. (...)

3.34. To facilitate the empowerment of indigenous peoples, the Indigenous Peoples' Economic and Industrial Development 4-Year Plan (2018-2021) was implemented to bolster the development of indigenous agriculture, cultural creativity, and ecotourism. (...)

3.38. (...) The ratification process for the WTO Agreement on Fisheries Subsidies has been set in motion. The Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu is actively engaging in negotiations for the second phase of the Agreement, focusing on addressing subsidies related to overcapacity and overfishing, aiming at advancing sustainable development goals in the fisheries sector. (...)

3.41. In terms of emerging issues in environmental sustainability, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu joined other WTO Members in launching the Trade and Environmental Sustainability Structured Discussion (TESSD) initiative in November 2022. It will continue to participate in discussions of the informal working group proposing concrete measures and suggestions for trade and environmental issues under the WTO framework.

3.43. (...) Collaborative efforts with other economies within APEC aim to propose measures that promote digitalization, inclusiveness, sustainability, and trade and investment. (...)

3.44. In response to post-pandemic recovery and sustainable development, the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, as a reliable global supply chain partner, is committed to adopting open and equitable trade measures and good regulatory practices to foster structural reforms and strengthen collaborations in trade facilitation with other APEC economies. Various initiatives have been put forward in areas such as (...) renewable energy, indigenous rights, and sustainable oceans. These proposals aim to support the objectives of the APEC, promoting inclusivity and sustainable growth.

3.55. The Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu actively engages in Aid for Trade initiatives, collaborating with other partner Members to address global development challenges. Leveraging its technological capabilities to support sustainable development, efforts are being made through bilateral and multilateral aid and technical assistance programs. (...)