UK-India CETA Chapter 26: Anti-Corruption
Text of chapter 26 of the Comprehensive Economic and Trade Agreement (CETA) between the United Kingdom of Great Britain and Northern Ireland and India.
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Bribery and corruption are significant barriers to international trade, as they increase the cost of doing business, and create an unfair trading environment.
This chapter reinforces the international obligations on bribery and corruption at the United Nations, and the UK and India will work together to tackle these global issues within the trade and investment context.
The chapter includes obligations to maintain a range of measures to prevent and combat bribery and corruption, including the criminalisation of bribery and prohibiting fraudulent bookkeeping practices. It also includes provisions covering the prohibition of facilitation payments and measures to combat embezzlement and money-laundering.
The agreement is not yet in force. Both the UK and India are required to complete their respective domestic procedures for the agreement to come into effect. Once ratified by both countries, businesses will be able to trade under its terms.