Visiting Chinese Premier Li Keqiang said here Wednesday [15 October 2014] that his country will donate 50 million U.S. dollars in the next five years to the UN Food and Agriculture Organization (FAO). Li announced the decision in a speech at the FAO headquarters in Rome during a visit to the UN organ on the eve of World Food Day, which falls on Oct. 16 every year. The new fund from the Chinese government, said the premier, will be used to promote South-South cooperation…Full Article: Xinhua Oct 2014
- Established by the United Nations in 1978 (originally endorsed in 1974), the South-South cooperation is designed to facilitate the exchange of resources and technological know-how between two or more developing countries (generally located in the “Global South”).
- In April 2013, it was confirmed that a South-South cooperation project between Mongolia and China was to progress to its second phase. The project is designed to strengthen Mongolia’s food safety, and boost its agriculture and livestock industry.