Category: News

APEC Economic Leaders welcome efforts to promote APEC principles for codes of ethics

APEC Economic Leaders met in Vladivostok, Russia on 8-9 September 2012. Their annual declaration recognizes the efforts of the Business Ethics for APEC SMEs Initiative to promote voluntary, industry-specific APEC principles that support the elaboration of codes of ethics.


"We will work together and with international and regional development institutions to aggressively combat fraud, corruption, and the misuse of public resources. We will also support the efforts of respective member economies to build capacity to combat corruption by strengthening anti-corruption bodies, the rule of law, fiscal transparency and accountability; by reforming public procurement systems; by developing and promoting mechanisms that support effective return of recovered assets; and by encouraging the implementation of high standard codes of ethics."

"We recognize the important role of business and public-private partnerships in promoting the elaboration of codes of conduct in the private sector and measures to fight corruption, especially measures that support the promotion of ethical business practices in interactions between government, business and other stakeholders. We welcome efforts by our SME Ministers, industries and academics to promote voluntary, industry-specific APEC principles that aid in this effort."

Full Statement:



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