Colombia invited to join OECD anti-bribery convention By TII News Service
Dec 01, 2011 , Paris
THE OECD has invited
Colombia to join its Working Group on Bribery and to accede to the Anti-Bribery
Convention. OECD Deputy Secretary-General Richard Boucher signed an exchange
of letters with Colombian President Juan Manuel Santos at a ceremony in Bogotá,
making Colombia the 40th member of the Working Group on Bribery.
Mr Boucher also conveyed the OECD’s invitation to Colombia to become an observer
of the OECD’s Competition Committee, as well as to adhere to the Declaration
on International Investment and Multinational Enterprises and so become a full
participant in the OECD’s Investment Committee.
Colombia will now embark on the domestic legislative processes for ratification
of and accession to the OECD Convention. Like all members of the Working Group
on Bribery, and in accordance with its procedures, Colombia will undergo detailed
reviews of its anti-bribery laws to confirm that they meet the Convention’s
standards, and that they are effectively implemented.
The 34 OECD member countries plus Argentina, Brazil, Bulgaria and South Africa
are Parties to the Convention. Russia is also a Member of the Working Group
on Bribery.
