Thu, 31 Jan 2008

NUSA DUA, Bali (JP): Business delegates reaffirmed their commitment to the global campaign against corruption during an international conference here Wednesday.

During the five-day conference, set to end Friday, they said they would establish principles aligned to the fundamental values enshrined in the United Nations Convention Against Corruption (UNCAC).

Representatives from the International Chamber of Commerce, the Asia-Pacific Economic Cooperation (APEC), the Organization for Economic Cooperation and Development (OECD) and the Indonesian Chamber of Commerce and Industry attended, as well as those from business watchdogs, including Transparency International and the World Economic Forum (WEF)'s Partnering Against Corruption Initiative (PACI).

They agreed the private sector would fight against corruption of any kind, including bribery and extortion.

"We firmly believe that fighting corruption is a society-wide, shared responsibility, and ... support the establishment or strengthening of public anticorruption infrastructure," the business coalition said in a statement issued after a specialsession of the conference. (abd/**)