Convention Against Corruption
The United Nations Convention against Corruption (UNCAC) is a multilateral
convention negotiated by members of the United Nations. It is a global legally
binding international anti-corruption treaty which requires countries to implement
measures aimed at preventing corruption, criminalizing certain
conduct, strengthening international law enforcement and judicial cooperation,
providing effective legal mechanisms for asset recovery, and technical
assistance and information exchange.
UNCAC has wide international support. 168 states are parties to UNCAC,
including the United States, Canada, United Kingdom, Australia, China, Russia
and most of Europe.
Most Recent Report on UNCAC Ratification:
New Zealand and UNCAC
New Zealand signed the Convention in 2003 when it was initially opened for
signature. At that time New Zealand already complied with most of UNCAC's
obligations, but relatively minor legislative adjustments remain necessary
before New Zealand will be in a position to
Why UNCAC is Good for New Zealand
There are good reasons to make ratifying UNCAC a priority for New Zealand.
- One of New Zealand's real assets is its “clean” and ethical international image. Ratification of UNCAC will only bolster that, and show that New Zealand takes seriously being a good, ethical player on the international stage.
- The legislative changes necessary to enable ratification are all required in any event in order to improve New Zealand's legislative framework to prevent bribery and corruption, both domestically and overseas.
- There are strong economic reasons why it is in New Zealand's best interests to ratify UNCAC and have strong anti-bribery legislation. With Asia now this country's number one trading region for exports, imports, and tourism and its growing importance to New Zealand's exchange rate and financial transactions, there are challenges to face when trading with countries in this and other regions where corrupt practices are rife.
TINZ believes that enhancing and promoting New Zealand's reputation for business integrity, including through ratification of UNCAC, will result in more growth through better market access, lower cost of doing business, higher returns on investment, and lower debt costs amongst other things. As Business New Zealand's Phil O'Reilly continues to state, “New Zealand's high trust public sector is its [and its trading businesses'] greatest competitive advantage."
Previous Articles and Reports
New Zealand To Ratify UNCAC 10 Years after signing the United Nations Convention against Corruption, New Zealand appears ready to ratify it. 8 Nov, 2013
Corruption has many faces We should not kid ourselves New Zealand is above serious
political scandal. "Our failure to ratify the United Nations Convention against Corruption is an embarrassment."
Anthony Hubbard, Sunday Star-Times. 25 March 2012 25 Mar, 2012