Corruption can affect foreign and domestic investment, alter competition and hamper the smooth operation of markets as well as the raising of the cost of public services and infrastructure projects. One of the priorities of the ACT is to address the challenges posed by the fight against bribery of foreign public officials in international business transactions.
Accordingly, the ACT with the technical advice of the OECD organized a workshop in Lima in February 2016 to address this theme. This included sharing successful experiences and identifying the obstacles that have been overcame on the criminalization of foreign bribery and successful prosecution of this criminal offence by APEC members. 97 participants from 15 member economies and 5 representatives from international organizations attended this Workshop.