Illicit Payments

Illicit Payments

Draft International Agreement on Illicit Payments in Global Commerce Policy

In this regard, draft international agreement on illicit payments is: an instrument produced under ECOSOC auspices in 1979, but not adopted by the United Nations General Assembly. The entries on trade policy are here. It would have made punishable by criminal penalties under national laws (a) the bribing of any public official to influence his actions in connection with an international commercial transaction, and (b) asking for a bribe by any public official for the same purpose. The Agreement would have required each party to it to establish a system of appropriate criminal penalties. See also Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and trade and illicit payments.[1]

Draft International Agreement on Illicit Paymentsin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.


Notes and References

  1. Dictionary of Trade Policy, “Draft International Agreement on Illicit Payments” entry (OAS)

See Also





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