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Fight against corruption
23
Jan '08
The fight against High-Level Corruption is a Common International Responsibility - presentation by Ambassador Juan Carlos Capuñay:

It is indeed my pleasure to be present at the Anti-corruption Asia Summit. Corruption affects economic development and the political stability of all countries as it has national and international implications.

I am delighted to share with you the advances that APEC has made in the fight against corruption and some of the work APEC is undertaking in this field.

The APEC region has experienced tremendous gains since its formation in 1989. Our members account for around half of world trade, 41 per cent of world population and 57 per cent of world GDP.

Per capita GDP has increased by 26 per cent compared with eight per cent for non-APEC economies. Tariffs in APEC economies have decreased from an average of 17 per cent in 1988 to six per cent in 2004.

At the same time more efficient customs procedures, progress towards paperless trading, and other trade facilitation measures are saving businesses millions of dollars each year.

APEC's approach of voluntarism and consensus in developing best practice guidelines is a constructive and productive way of dealing with complex issues, many of which are sensitive in domestic economies.

It is moreover an approach that fits well culturally with Asian economies, and ensures the highest level of commitment to dealing with regional issues.

During each year, there are a large number of APEC meetings at ministerial, senior officials and expert working group level. But the Leaders'Meeting is the most visible event, and the highlight of the APEC year.

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