OECD CONVENTION ON COMBATTING BRIBERY OF FOREIGN GOVERNMENT OFFICIALS IN INTERNATIONAL BUSINESS TRANSACTIONS
submitted by the United States of America
The Sixth Annual Meeting of the Asia-Pacific Parliamentary Forum,
Noting the recently concluded Convention on Combatting Bribery of Foreign Government Officials in International Business Transactions by members of the Organization for Economic Cooperation and Development (OECD);
Recognizing the implicit tax that bribery of foreign government officials imposes on government procurement of goods and services, the fiscal resources of the purchasing government, and ultimately, on taxpayers in the foreign country;
Acknowledging that bribery undermines public confidence in the fairness of government procurement processes and the competitiveness of individual markets, as well as creating the potential for friction among trading partners;
Welcomes the agreement of OECD member countries to the Convention and urges that governments throughout the Asia Pacific region adopt similar principles requiring transparency in the procurement process and inhibiting offers of bribes to foreign government officials designed to afford an unfair advantage in acquiring or maintaining any existing contract involving public procurement.