Guilty In Canada For Bribery – In India

[jacee]

If you can consider bribes as providing added incentives to decision makers for business purposes then we do that all the time. Federal governments do that with selected grants. On a municipal level, when a company is looking to establish in an area a bidding war starts. One municipality will offer energy deals and/or tax concessions even to the point of giving the company land for free to locate there.

On a global scale in a global economy the competition forces people to compete on a level field if they are to be successful. There are countries whose government structure accepts the idea of bribes. I have been told that to do any kind of business you have to pay bribes.

An interesting comparison can be found at;

http://cpi.transparency.org/cpi2013/results/

I do not think that Canada should pay an economical price to try to stifle business practices that are acceptable to many potential markets.

Remember that vast emerging market in China that we are trying to tap into?

http://www.bloomberg.com/news/2013-11-21/china-s-bribery-culture-poses-risks-for-multinationals.html

Bribery is illegal:

http://www.international.gc.ca/trade-agreements-accords-commerciaux/topics-domaines/other-autre/corr-13.aspx?lang=eng

http://m.thestar.com/#!/opinion/redirect/c6dce0b4ae8b929599fa257070fd7727

Canadian mining companies are the worst corruption offenders overseas:

/The-first-step-towards-corporate-accountability-for-actions-abroad.html

A report commissioned by the Prospectors and Developers Association of Canada and publicly leaked in 2010 found that of 171 high-profile incidents involving mining companies since 1999, 34 per cent of companies implicated in such incidents were Canadian. These incidents included environmental and human rights abuses, and conflict with local communities.Canadians were found to be involved in four times as many incidents as Australian and British companies, both very active in the sector.

Edited May 28, 2014 by jacee