Curbing Bribery and Providing a Level Playing Field for International Business

scalesParis, March 16, 2016 –The Business and Industry Advisory Committee to the OECD (BIAC) actively participated in the OECD Ministerial which brought together Ministers from the 41 State Parties as well as other key partner countries to the Anti-Bribery Convention. BIAC called for close private sector involvement in an ambitious OECD strategy to fight corruption and bribery.

“BIAC recognizes the OECD’s strong capacity to work horizontally in the fight against foreign bribery”, said Klaus Moosmayer of Siemens, who chairs the BIAC Task Force on Anti-Corruption/Bribery. “Close public-private cooperation is essential to effectively curb foreign bribery and provide a real level playing field for international business.”

In preparation for the OECD Ministerial meeting, BIAC identified key business priorities for governments to fight against bribery and corruption:

  • Encourage effective implementation of the OECD Anti-Bribery Convention as well as increase adherence to the OECD Anti-Bribery Convention,
  • Address the demand side of bribery,
  • Recognize compliance efforts and self-reporting from companies.

BIAC calls for a comprehensive OECD anticorruption strategy which benefits from the OECD’s strong capacity to work in a cross-cutting manner and with the private sector as a key partner.

The full BIAC statement is available here.

Read more: Defending Investor Protections in Trade Agreements

Staff Contact:   Alice Slayton Clark

Director, Investment, Trade and China
Tel: 202.682.0051

Related Content