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AdvaMed Welcomes Doubling of Industry Association Codes of Ethics Under APEC Business Ethics Initiative
Manila, Philippines – Christopher L. White, senior executive vice president and general counsel of the Advanced Medical Technology Association (AdvaMed), today issued the following statement in response to recognition by ministers of the Asia-Pacific Economic Cooperation (APEC) forum that medical device industry association codes of ethics have doubled across the Asia-Pacific region since 2012:
“In 2014, APEC’s small and medium enterprise (SME), foreign affairs and trade ministers called upon the Asia-Pacific region to double the number of industry association codes of ethics in the medical device and biopharmaceutical sectors by 2015, following implementation activities that commenced in 2012.
“We are delighted that the APEC Business Ethics Initiative has facilitated the achievement of this ambitious goal, expanding the number of medical device industry associations in the APEC region with a high-standard code from nine in 2012 to a total of 20 in 2015. This also expands the number of APEC economies with a local medical device industry code to 17, with first-ever industry association codes launched in Chile, China, Indonesia, Malaysia, Peru, Philippines, Singapore, and Chinese Taipei. Existing industry association codes were also strengthened in Mexico and Russia. Together, the 20 medical device industry associations across APEC economies represent over 11,000 companies, nearly 8,000 of which are small- and medium-sized enterprises.
“AdvaMed is a proud founding member of the APEC Business Ethics Initiative, supporting its launch in Gifu, Japan in 2010. I am proud to have served as co-chair of the Expert Working Group to Draft the APEC Kuala Lumpur Principles alongside the government of Malaysia in 2011. Our members are committed to high-standard ethical practices and region-wide implementation of the Kuala Lumpur Principles and the ‘Nanjing Declaration to Promote Ethical Business Environments in the Medical Device and Biopharmaceutical Sectors (2014-2020).’
“Realization of this goal was only possible because of the many mentors who contributed to this effort – ethics and compliance thought leaders who have worked tirelessly over the past three years. As a result of their efforts, we have seen the most rapid acceleration of new association codes of ethics in history. Their ongoing contributions are fundamental to this initiative’s continued success.
“I would also like to congratulate Dr. Kenneth Hartigan-Go, undersecretary of health for the Philippines Department of Health, whose leadership in the 2015 Philippines APEC host year and longstanding efforts to strengthen ethical business practices across the Asia-Pacific region were critical to these achievements. AdvaMed also congratulates the Philippines for receiving the 2015 ‘APEC Business Ethics for SMEs Lighthouse Award’ for serving as a bright and steady light in the region to strengthen the ethical business environment.
“We look forward to the 2016 APEC Business Ethics Forum in Lima, Peru and are pleased that the event will serve as APEC’s first medical device business ethics program in Latin America.”
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