Bribery Convention

The Bribery Convention, formally known as the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, is an agreement among countries to prevent bribery in international trade. It aims to make it illegal for businesses to offer bribes to foreign government officials to gain an advantage. The convention encourages nations to adopt laws that penalize such corrupt practices, promote transparency, and enhance international cooperation in investigations. By combating bribery, the convention seeks to create a fairer business environment and foster economic development worldwide.