The OECD Anti-Bribery Convention is not just about morals and ethics in clean business practices. It is about fair play and levelling the playing field as well.
The 1997 Anti-Bribery Convention captured worldwide attention as the first global instrument to fight corruption in cross-border business deals. Since its ratification by all 30 OECD countries and six non-members, it has made some real headway in the fight against corruption, with visible evidence that national governments and businesses have tightened up their own legislation and standards.
Today, in the 36 countries that have enacted anti-bribery laws based on the OECD Convention, bribing a foreign public official is a crime. In other words, a bribe by one of their multinationals to a public official in a developing country for a public works contract is a punishable offence. Indeed, it is in this targeting of the supply side of foreign bribery that the OECD Convention stands apart from other multilateral antibribery instruments.
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