Australian Minister for Foreign Affairs Julie Bishop speaks as she sits next to Indonesia's Foreign Minister Retno Marsudi during the Bali Process Government and Business Forum held in Perth, Australia August 25, 2017. AAP/Richard Wainwright/via REUTERS

SYDNEY (Reuters) – Global business tycoons and politicians from 48 countries committed to ending human trafficking, forced labor and modern slavery on Friday at a landmark gathering of high-profile leaders in the Australian city of Perth.
The forum, launched last year to expand public-private partnership to eradicate these crimes, saw participation from the heads of U.S. retail giant Wal-Mart Stores Inc, Japan’s Mitsui and China’s, among others.
“It’s about accepting standard for good labor practices throughout the supply chain,” said Indonesian Foreign Minister Retno Marsudi.
The forum is also working to raise awareness on ethical business practices and establishing a “spatial mechanism” to ensure immediate identification, processing and assistance for victims of human trafficking, Marsudi added.
“I propose that during the next Bali meeting next year, the industries, the private sector, will be able to showcase the best practices that have been taken by industries on initiatives …