Nov 14, 2011

APEC - Apec creates million-dollar fund for safer food



An initial million-dollar fund was established on Sunday to facilitate access to training for food safety mechanisms for farmers, producers and officials of the Asia-Pacific Economic Cooperation (Apec) region; with sights set for the fund to grow and become a global facility.

Created on the sidelines of Apec meetings hosted by the US in Hawaii, the "world's first" Global Food Safety Fund was the result of a public-private partnership (PPP) and will be managed by the World Bank via an Apec-based approach.

"These (training) programmes will enable more growers, producers and food safety officials to understand and utilise preventative controls--resulting in safer food for consumers and fewer safety incidents in food trade," a statement from the US State Department said.

US Under Secretary of State for Economic, Business and Agricultural Affairs, Robert Hormats, who attended the event at the Sheraton Waikiki in Honolulu said that the increasing effect of globalisation called for greater protection of health and safety of citizens, noting that the US imported US$7.2 billion worth of food products from East Asia last year.

"The sheer volume of imports, the variety and complexity of products and the intricate, lengthy and often opaque nature of supply chains for goods before reaching consumers, creates challenges to ensuring that all food products are safe and of high quality," he said.

"With an increasingly global food supply chain, we must work even harder together--governments, industry and all stakeholders--to ensure that food is safe."

He commended Mars Incorporated and the Waters Corporation, along with the US Agency for International Development (US AID) for providing the "seed money" for the Global Food Safety Fund. The initial funding is hoped to encourage other governments and industry partners to contribute to the fund, with the goal of raising US$15-US$20 million over the next decade.

"Beyond being the right thing to do, selling bad food products is simply bad business. Incidents of food-borne illness not only hurt the bottom-line of the company or companies that manufactured the contaminated food, it also threatens consumer confidence for the entire product category, industry or even country," Hormats said.

The under secretary wanted to see the fund grow so that training programmes can be tested and developed in Apec first before being implemented in the developing world, such as in Africa, the Middle East and South America.

"This is only the beginning. More resources and more partners will be needed to truly make a difference on a global scale."

The Global Food Safety Fund is expected to "help expand the effective participation of small-scale farmers, handlers, processors and marketers in more profitable food supply chains, offering an enormous opportunity to lift the world's farmers out of poverty".

Its establishment will result in improved competencies, protocol, laboratory proficiency and risk-based management systems and regulations, a separate statement said. This would lead to better health and nutrition, reduced risk of food-borne threats and ultimately, improved food security.

In her remarks, World Bank Managing Director Sri Mulyani Indrawati said that the global financial and research institution was pleased to provide the support needed in knowledge-sharing. "As we well know, a food safety crisis that originates in one region can so rapidly become a crisis in others," she said.

News Desk
The Brunei Times



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