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ARTICLE · 29 DECEMBER 2016

Combatting Corruption Risk In The Asia Pacific Region: What Next?

In Australia, understanding corruption risks and consequences is still an area that needs work.

GlobalCriminal Law

Introduction

The election of Donald Trump as the next US president has raised fundamental questions about the role of the United States going forward, and what implications this will have globally. This presents renewed challenges for Asia Pacific trade; particularly in light of uncertainty arising from increased protectionism as well as broader trade and currency risks for the region. This also has a unique impact for those companies reliant on global supply chains and regional subcontractors for manufacturing. Corruption as an impediment to business remains a theme for the region, and one that adds to the uncertainty.

The recent ASEAN Business Outlook Survey 2017 conducted by AmCham Singapore and the US Chamber of Commerce allows some broad comparisons across the Asia Pacific region to be made. The tone of the (pre-election) survey is optimistic with 87 percent of companies saying that their level of trade and investment in the region will increase in the next

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