The Panama Canal Authority (ACP) signed the Global Compact, an initiative that promotes Corporate Social Responsibility in the private sector worldwide. The Global Compact has the endorsement and strong support of United Nations (UN) Secretary General, Kofi Annan. Canal Administrator Alberto Aleman Zubieta said: "We at the ACP are honored to be a part of this historic initiative. For nearly one hundred years, the Panama Canal has been bringing nations closer together through commerce. UN Resident Coordinator Elizabeth Fong joined ACP Administrator Alberto Alemán Zubieta at the signing ceremony held in the Panama Canal Authority's Administration Building.