Peru to join OECD Conventions:Anti-Bribery Convention and multilateral Convention on Mutual Administrative Assistance

Peru is taking important steps toward fighting corruption and fostering greater transparency and exchange of information by completing the necessary steps to become a Party to the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (Anti-Bribery Convention) and the multilateral Convention on Mutual Administrative Assistance in Tax Matters.

The OECD announced today that Peru will become the 44th Party to the OECD Anti-Bribery Convention on 27 July 2018, 60 days after the deposit of its instrument of accession.

“We welcome Peru as the 44th Party, and 7th Latin American country, to join the OECD Anti-Bribery Convention,” said Mr. Gurría. “By joining the Convention, Peru sends a clear signal that is determined to playing a key role in the collective fight against cross-border bribery. This is another example of both 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.”

The OECD Anti-Bribery Convention, which entered into force in 1999, prohibits the bribery of foreign public officials in international business transactions. Through country monitoring and extensive peer-led follow-up, the Convention seeks to ensure that the fight against bribery is effective, thus creating a level playing field for fair competition.

The 35 OECD member countries plus Argentina, Brazil, Bulgaria, Colombia, Costa Rica, Lithuania, the Russian Federation, and South Africa are presently Parties to the Convention.

During the same ceremony, Minister Tuesta also deposited Peru’s instrument of accession for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. With 119 countries and jurisdictions participating in the Convention, it is the world’s leading instrument for boosting transparency and combating cross-border tax evasion. The Convention will enter into force for Peru on 1 September 2018.

Peru’s accession to the Anti-Bribery Convention and multilateral Convention on Mutual Administrative Assistance in Tax Matters is part of the country’s wider and continuing engagement with the OECD. This enhanced engagement, which has accelerated in the context of the OECD-Peru Country Programme, has resulted in a significant increase of Peru’s participation in the Organisation’s bodies and the adoption of OECD instruments.

Original source: OECD
Published on 28 May 2018