Israel becomes signatory to OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
Israel recently became the 38th signatory to the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
The OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, which entered into force on February 15, 1999, provides a broad definition of bribery and requires countries to pass anti-bribery laws and to impose sanctions for engaging in prohibited acts.
The convention recognizes that bribery is a widespread phenomenon in international business transactions, including trade and investment, which raises serious moral and political concerns, undermines good governance and economic development, and distorts international competitive conditions.
The convention also recognizes that all countries share a responsibility to combat bribery in international business transactions.
Israel signs OECD Convention on Combating Bribery of Foreign Public Officials
Israel becomes signatory to OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
06.04.09 / 00:00
•
More articles that may interest you
Israel one step closer to apply full air cargo e-freight
Israel approved more flights to Germany
El Al expects 50,000 passengers per year on its new Sao Paulo Brazil flight
El Al reports $38.8 million 2008 loss
CBS: Israel's annual inflation climbs for first time in 4 months
Mr. Jacky Allalouf honored for Allalouf Group’s 90th anniversary
More news from Industry & Trade Section
>Lynn: Bureaucracy costs NIS 10.4b, 2% of business product/30.03.09
>Bank of Israel: 'S' index - 1.1% in February/23.03.09
>Pope Benedict XIV to Visit Israel in May '09/23.03.09
>Israeli customs to increase cooperation with S. Korea Customs Service/16.03.09
>MAI: industrial exports will fall 10% in 2009/16.03.09
>Ariav: Israel Budget Deficit May Reach 6% of GDP/16.03.09
>18 Food Importers sue the State of Israel/16.03.09
>January-February 2009 -vehicle deliveries down 40%, luxury cars up 30%/09.03.09
>Textile industry worst-hit industries by the recession/09.03.09
>Israel Government deficit NIS 3 billion in February/09.03.09