Hong Kong is seeing unprecedented business opportunities in the context of the Belt and Road Initiative. Equally exciting are the Free Trade Agreement (FTA) and a related investment agreement between Hong Kong and the Association of Southeast Asian Nations (ASEAN) which will come into force in January 2019. All these will bring about better market access to ASEAN's dynamic economies and opportunities for further expansion for Hong Kong enterprises.
While Hong Kong is globally recognised as a level playing field for business, it is not enough just to take good care of ourselves. In order to take full advantage of the enormous economic potentials and for everyone to benefit from the long-term business prospects, we also need to count on partners with ethical business practices. The Hong Kong ICAC, in full compliance with the United Nations Convention against Corruption (UNCAC), has been reaching out to assist anti-graft agencies of other countries in capacity building and cement cooperation in the fight against corruption.
As early as March 2016, senior representatives of the ICAC had conducted briefings on forensic accounting investigation, asset recovery and public private partnership on corruption prevention for the Corruption Eradication Commission (KPK) in Jakarta, Indonesia. And just last month, the ICAC received 12 prosecutors from the KPK and the Attorney General's Office of Indonesia for a two-day training programme.
In April and July this year, ICAC Commissioner Simon Peh Yun-lu led two high-level delegations to visit five of the 10 ASEAN member states, namely Cambodia, Malaysia, Myanmar, Thailand and Vietnam, to initiate talks with local anti-corruption agencies on collaboration in training for capacity building.