Andina

Peru joins OECD Anti-Bribery Convention

OCDE

OCDE

15:47 | Paris (France), May. 28.

Peru's Economy-Finance Minister David Tuesta and Organisation for Economic Co-operation and Development (OECD) Secretary-General Angel Gurria signed the Anti-Bribery Convention in Paris on Monday.

Thus, Peru becomes the 44th signatory country of this agreement which contributes to fighting corruption involving public officials and international business transactions.

It must be noted the convention will take effect in the Inca country within the next 60 days.

On the occasion, Tuesta also inked the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

In this regard, Gurria recalled other six Latin American nations have already signed this agreement, according to EFE news agency.

"By joining the Convention, Peru sends a clear signal that it is determined to play a key role in the collective fight against cross-border bribery," he noted.

Gurria went on to add "this is another example of Peru's commitment to closer ties with the OECD, as well as its ability to adopt legal instruments in support of a fair and sustainable approach to globalization."

About

The Anti-Bribery Convention entered into force in 1999. 

Besides the 35 OECD member countries, Argentina, Brazil, Bulgaria, Colombia, Costa Rica, Lithuania, Russia, and South Africa have already adopted said agreement.


(END) JJN/JAA/MVB

Published: 5/28/2018