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Should the state dirty its hands cleaning up trade? The Export Credit Guarantee Department dilutes its new rules on bribery, but George Pitcher says it's not the ECGD's place to root out corruption overseas.

Publication: Marketing Week
Publication Date: 21-OCT-04
Format: Online - approximately 808 words
Delivery: Immediate Online Access
Full Article Title: Should the state dirty its hands cleaning up trade? The Export Credit Guarantee Department dilutes its new rules on bribery, but George Pitcher says it's not the ECGD's place to root out corruption overseas.(Business)

Article Excerpt
In a fine piece of ethical pragmatism, the Government has let it be known that it is to take a more relaxed approach to bribery and corruption among British exporters. Last spring, ministers lightened the vetting procedures exercised by the Export Credits Guarantee Department (ECGD), with the moralising tone that has become characteristic of Blairite injunctions, to "ensure that the Government continues to play its part in rooting out wrong-doing in international business". There followed intense pressure from businesses on the ECGD to oppose the new anti-bribery regulations and the Government has appeared to climb down. The new rules have already been diluted and the ECGD is secretly allowing exporting companies to flout the rules while consultation continues.

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