Category: News

APEC Ministers Responsible for Trade encourage wider adoption of codes of ethics

APEC Ministers Responsible for Trade met in Qingdao, China on 17-18 May 2014. Their annual statement calls for wider adoption of codes of ethics in accordance with APEC principles.

Excerpt:

“We will continue to undertake actions to address the barriers that Small and Medium-Sized Enterprises (SMEs) face in trading in the region to further enhance their contributions to economic growth and job creation in our economies...We support efforts to reduce operating costs of SMEs, especially costs related to internationalization, and to enhance SMEs’ global competitiveness, business ethics and their participation in Global Value Chains...We reaffirm the importance of ethical business practices to long-term economic growth and the facilitation of cross-border trade, particularly for SMEs. We encourage officials to explore the possibility of a wider range of adoption of codes of ethics in accordance with APEC principles.”

Full Statement: http://apec.org/Meeting-Papers/Ministerial-Statements/Trade/2014_trade.aspx

 

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