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Global corruption report 2001
Quinones, Enery
Quinones, Enery
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gi_oecd_convention.pdf
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Abstract
In 1997, 34 of the world’s largest exporting countries agreed to ban corruption in international business transactions by adopting common rules to punish companies or individuals that engage in bribery. Bribery of domestic public officials has long been illegal in member countries, but the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the Anti-Bribery Convention) is testimony to a larger trend to improve public and private sector governance globally. The Convention categorically makes it a crime to bribe a foreign public official in order to obtain or retain international business.1 Four years after this historic event, ratification of the Anti-Bribery Convention is almost complete. Thirty-three of the original 34 signatories have deposited instruments of ratification with the OECD Secretary General (see table). Ireland was expected to complete ratification imminently, as the Global Corruption Report 2001 went to print. Twenty-nine countries have meanwhile implemented legislation to bring national law into accordance with the Convention. The Anti-Bribery Convention is part of a growing international arsenal against bribery and corruption. The OAS, the Council of Europe and the EU – among others – all have legal instruments binding their member states to take anti-corruption measures. These instruments need to be monitored internally among the parties to the agreements and scrutinised publicly to ensure that governments are living up to their obligations. In this regard, the Anti-Bribery Convention is one of the more effective of the anti-corruption agreements.
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Book chapter
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2001
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393571100X
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With permission of the license/copyright holder