Shaping a New World: Combating Foreign Bribery in International Business Transactions
10-11 May 2011 - Bali, Indonesia
>> Conference Conclusions (PDF)
Co-organised by the Commission for Eradication
The importance of fighting bribery in international business cannot be overstated: Foreign bribery is a serious crime with serious consequences. It distorts markets, undermines sustainable development and good governance and ends up hurting worst the world's most vulnerable people.
Thanks to instruments like the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (Anti-Bribery Convention) and the UN Convention against Corruption (UNCAC), the fight against foreign bribery is gaining global momentum.
The G20 has now joined this fight by adpoting in November 2010 an Anti-Corruption Action Plan that calls on G20 countries to:
“...adopt and enforce laws and other measures against international bribery, such as the criminalization of bribery of foreign public officials, and begin by 2012 the necessary discussions to lead to, on a voluntary basis, more active engagement within the OECD Working Group on Bribery with regards to the standards of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions or to the ratification of the Convention.”
This conference will thus play a key role in supporting the implementation of this Action Plan, and the Conference’s Conclusions will focus on next steps for achieving the objectives agreed upon at the G20 Summit in Seoul.
Discussions at the conference will also provide impetus for putting foreign bribery truly at the forefront of the global agenda on combating corruption, helping to ensure the full participation of all relevant stakeholders. These include countries involved in outward or inward foreign direct investment (FDI) and trade, companies competing for public contracts abroad or at home, including small- to medium-sized enterprises (SMEs), civil society organizations involved in fighting corruption, and international and regional organizations involved in development assistance or fighting corruption.
Who should attend?
This conference will bring together policymakers, international experts and other interested stakeholders from business, labour, and civil society.