NEW YORK (GenomeWeb News) – Waters is among three contributors who today jointly pledged $1 million to create the first Global Food Safety Capacity Building Fund in order to support food safety improvements.
Mars and the US Agency for International Development also are participating in the pledging money for the fund, which will be managed by the World Bank, and seeks improvements to food safety by expanding the understanding of food safety standards and best practices throughout the food safety system "from farm to fork," Waters said.
The proposed fund builds on a memorandum of understanding between the Asia-Pacific Economic Cooperation's Food Safety Cooperation forum and the World Bank and will leverage APEC's food safety training programs, the World Bank's global reach, and contributions from governments and private industry.
Ultimately, the partners in the fund hope to raise between $15 million and $20 million during the next decade.
Waters' inclusion in the effort "complements the company's initiative to improve the availability, quality, and consistency of food safety testing capacity around the world," it said in a statement.
In September, Waters, the US Food and Drug Administration, the University of Maryland, and their Joint Institute for Food Safety and Applied Nutrition opened the first permanent training laboratory, called the International Food Safety Training Laboratory, for hands-on training with instructions on regulatory requirements.