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APEC SME Ministers endorse Nanjing Declaration and achievement of its goals

APEC SME Ministers met in Nanjing, China on 5 September 2014. Their annual statement endorses the Nanjing Declaration to Promote Ethical Environments in the Medical Device and Biopharmaceutical Sectors (2014-2020) and the achievement of its goals. The statement also welcomes an announcement by the Philippines to host the 2015 APEC Business Ethics for SMEs Forum. The APEC SME Joint Ministerial Statement notes: 

"We reiterated the importance of strengthening ethical business practices in key sectors for APEC SMEs and their partners in the supply chain. Ethical business practices facilitate environments that free SMEs from the high costs of corruption, permit sustainable economic growth, and support SMEs access to global markets. We congratulate the Business Ethics for APEC SMEs Initiative for concluding its fifth year, supporting the successful development of 18 new codes of ethics across 9 APEC economies where they previously did not exist and extending the APEC Principles to nearly 14,000 companies, of which over 8,000 are SMEs."   

"We welcomed the APEC Business Ethics for SMEs Forum to build stakeholder capacity to implement the APEC Principles and to facilitate multi-stakeholder collaboration. We endorsed the “Nanjing Declaration to Promote Ethical Business Environments in the Medical Device and Biopharmaceutical Sectors (2014-2020)” and extended our support to the achievement of its goals, including the call on APEC member economies to double the number of codes of ethics between 2012 and 2015, working toward further implementation of the APEC Principles by 2020. We expressed our support for the Manila Declaration to advance implementation of APEC Principles for the Construction and Engineering Sector and we encouraged SMEs to utilize the new APEC Business Ethics Web Portal to enhance their ethics compliance knowledge and capacity building skills."   

"We extended our appreciation to the Philippines for hosting the 2nd APEC Business Ethics for SMEs Forum in 2015 and encouraged the convening of this Forum on an annual basis."

See full statement here: http://www.apec.org/Meeting-Papers/Ministerial-Statements/Small-and-Medium-Enterprise/2014_sme.aspx 

See Nanjing Declaration on Promoting Ethical Business Environments in the Medical Device and Biopharmaceutical Sectors (2014-2020) here: http://mddb.apec.org/Documents/2014/MM/SMEMM/14_smemm_020a.pdf

 

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