Today is International Anti-Corruption Day, and to reflect on the global fight against corruption and reinforce the importance of combating transnational bribery, U.S. Department of Commerce General Counsel Cameron Kerry has penned an opinion editorial.
In the past year alone, American companies are believed to have lost out on deals worth about $25 billion because they have refused to pay bribes. Bribery and corruption are trade barriers that impede our ability to rebuild the economy and meet President Obama’s goal of doubling U.S. exports.
In his op-ed, Kerry stresses that companies should be able to compete for international business on the quality and price of their products and services, not bribes. He encourages countries and businesses around the world to join in the fight against transnational bribery.
As the General Counsel of the Department of Commerce, Kerry is the principal legal adviser to U.S. Commerce Secretary Gary Locke.