NFTC and USA*Engage Commend U.S. Senate for Approving Corruption Convention

Friday, 15 September 2006
“We applaud the Senate for ratifying the Convention before the end of the congressional session, as recommended by the Administration and members of the U.S. business community,” said NFTC President and USA*Engage Co –Chair Bill Reinsch. “Corruption undermines our ability to trade with important allies and undermines development across the globe. Today’s vote illustrates the United States’ commitment to rooting out corruption and minimizing its threat to American business interests.”
The Convention includes provisions that prevent and criminalize corruption and procedures for governments to recover assets that have been acquired illicitly by corrupt officials. In addition, it includes a broad range of measures that enhance international cooperation among governments, including extradition and mutual legal assistance. More than 60 countries have ratified the Convention, includingFrance, Russia, Brazil and Mexico, and 140 countries have signed it.
“This Convention will help level the playing field for U.S. business by holding foreign companies around the world accountable to many of the same standards that American businesses must follow,” said USA*Engage Director Jake Colvin.  “We thank Senate leaders, and particularly Senate Foreign Relations Committee Chairman Richard Lugar, for their work on this important issue.”
In June, members of the U.S. business community, including NFTC, Business Roundtable, the National Association of Manufacturers and the U.S. Chamber of Commerce sent a letter to the Senate Foreign Relations Committee to urge ratification of the Convention before December 2006.  The letter noted that the Convention does not impose any domestic costs or obligations on the United States.
Today’s ratification puts the United States in the best position to guide implementation and monitoring of the Convention, which is essential to its success,” concluded Reinsch
USA*Engage ( is a coalition of small and large businesses, agriculture groups and trade associations working to seek alternatives to the proliferation of unilateral U.S. foreign policy sanctions and to promote the benefits of U.S. engagement abroad. Established in 1997 and organized under the National Foreign Trade Council (, USA*Engage leads a campaign to inform policy-makers, opinion-leaders, and the public about the counterproductive nature of unilateral sanctions, the importance of exports and overseas investment for American competitiveness and jobs, and the role of American companies in promoting human rights and democracy world wide.
The National Foreign Trade Council ( is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.