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Next trade war front: export bribery

Japan, China, South Korea, Russia, Singapore, Hong Kong, and India do not work to prevent corruption by firms, according to studies by the Organization for Economic Cooperation and Development (OECD) and Transparency International. Singapore, China, India, and Hong Kong, accounting for 18% of world exports, are not signatories of the OECD’s Anti-Bribery Convention and do not comply with other related UN conventions. Amidst the ongoing trade war, it is likely that the U.S. and other western countries could tie progress in these areas, and others related to fair business practices, to trade agreements. 

Source: Next trade war front: export bribery | Asia Times

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