Ethical business conduct is vital to the sustainable growth of APEC economies and the competitiveness of the region’s businesses. High standards in business ethics are crucial to creating an enabling environment for small and medium-sized enterprises, as indicated by APEC Economic Leaders. They also contribute to the sustainable growth of small and medium-sized enterprises, as indicated by APEC Ministers. Ethical business conduct strengthens the quality of and confidence in products and services while fostering innovation by enhancing trusted collaboration and spurring new investment. The collective prosperity of the APEC region is supported when ethical business conduct is implemented through high-standard, sector-specific best practices.
Role of Government
While it is necessary for governments to ensure consistent enforcement actions are taken against those who violate laws designed to prevent unethical business conduct, governments can also take proactive steps to encourage ethical business conduct before unethical activity occurs.
The Resource Guide
The Business Ethics for APEC SMEs Initiative is pleased to present member economies this resource guide of strategies that governments are already taking around the world to encourage ethical business conduct across six areas:
(1) Convening Power,
(3) Regulatory Practices,
(4) Enforcement Recognitions and Incentives,
(5) Government Supported Business Ethics Training, and
(6) Trade Agreements.
Read the Government Strategies To Encourage Ethical Business Conduct resource here.