The European Policy Centre in co-operation with the Transparency International EU Office, is pleased to invite you to a Policy Dialogue on Fighting Corruption in Global Trade, on 19 June. Corruption is a major tax on global trade and distorts international investment flows. This is increasingly acknowledged by governments and international bodies such as the World Trade Organisation (WTO). Agreement last year by WTO members on trade facilitation measures as part of the ‘Bali Package’ will help to reduce the impact of corruption in customs and other areas. Indeed, in his 2013 publication, The Geneva Consensus, Pascal Lamy argues for a specific WTO anti-corruption agreement. In addition, recent bi-lateral agreements concluded between the United States and trade partners in Latin and Central America have included wide-ranging anti-corruption provisions. As the European Union and the United States discuss closer trade ties through the Transatlantic Trade and Investment Partnership (TTIP) – an agreement that aims to set the benchmark for future global trade agreements – it remains to be seen how the issue of corruption will be addressed. Both jurisdictions continue to face major challenges in this area. Prosecution of corporate bribery by the U.S. Department of Justice has reached record levels in recent years and a 2014 European Commission report on corruption in the EU was described as ‘breathtaking’ by the Home Affairs Commissioner.
This Policy Dialogue will explore the different ways that corruption impedes trade and
investment, with a specific focus on the role of multi-lateral and bi-lateral agreements in
addressing this issue.
The event will feature a panel of speakers composed of Pascal Lamy, Honorary President of Notre Europe – Jacques Delors Institute and former Head of the World Trade Organisation; Denis Redonnet, Trade Strategy Head of Unit in the European Commission; Carl Dolan, Director of Transparency International EU and Fabian Zuleeg, Chief Executive of the European Policy Centre. The panelists will explore the different ways that corruption impedes trade and investment, with a specific focus on the role of multi-lateral and bi-lateral agreements in addressing this issue.
See the invitation here.