US says its laws prohibit firms from bribing foreign govts

1 March 2018 11:33 pm - 22     - {{hitsCtrl.values.hits}}

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The laws and regulations drafted by the US had ensured that no US firm or its citizen could pay bribes when selling goods and services to foreign government, the US Embassy in Sri Lanka yesterday said.

Issuing a statement over the visit of Stephen Renna, Director of the Advocacy Center at the US Department of Commerce, the Embassy said when selling goods and services to foreign governments, the US Foreign Corrupt Practices Act makes it unlawful for US firms and American citizens to pay bribes or otherwise violate the law.

“The values, practices and international standards that American companies bring to the table make them the finest partners for improving standards and quality throughout business ecosystems. Trade and investment are the engines of growth and employment and the US is Sri Lanka’s largest trading partner, purchasing around Rs. 445 billion in Sri Lankan goods in 2017 and sustaining tens of thousands of jobs in Sri Lanka,” it said.

Mr. Renna met with government leaders and US companies in Colombo to discuss opportunities to increase US exports to Sri Lanka during the visit. “The US is eager to expand open, fair and reciprocal trade,” he said.

Meanwhile, US Ambassador Atul Keshap said US companies produce the highest quality goods and services with the highest standards for ethics, corporate social responsibility, employee benefits, and environmental awareness.   

The statement said the US exported USD 337 million of goods to Sri Lanka last year. 

“There is tremendous opportunity for that figure to grow. American firms provide Sri Lanka with top quality, fair and reliable solutions Sri Lanka needs to expand transportation infrastructure, improve agricultural output, attract more tourists and provide and improve services for its citizens,” it said.

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  • Ceylon Thursday, 01 March 2018 11:49 PM

    Srilanka must learn and be with a democratic and friendly country like america.when lankans are starving withoud food during 1970s decade,usa government and people became main helper with tens of thousands tons of food supplies as gifts for years.new generation should ask their parents about it.

    L Perera Friday, 02 March 2018 09:52 AM

    Please correct yourself. These are not gifs that we received under PL480 but grants. For the same we have been paying loan installments to US.

    Ceylon Thursday, 01 March 2018 11:52 PM

    Labka must change its corrupt culture and follow american qualities to make lanka take forward as a civilise country.accept these fine offers from our peoples friend in need.

    ralahamy Saturday, 03 March 2018 08:18 AM

    The famine in the 70s was due USA refusing to give flour to Sri Lanka, because our NM Perera tried to mess up with PL480 account. USA diverted flour to USSR saying their was famine in USSR. by the way USA does not give flour cheap. We deposit Rupee equivalent in PL480 account and that money is used by US embassy. Mrs.B at that time sent her valuable son Anura to the USA, he brough in the much needed milk and gained fame. This is history.

    Wijewardene Thursday, 01 March 2018 11:55 PM

    Yet they bribe even inside the USA to get contracts. EMC2 was trying to bribe Mr. 10 percent for a data warehouse in SL

    Jaliya Friday, 02 March 2018 11:42 AM

    Wijewardene, Do you have any proof to accuse ? A data warehouse or a data center whatever you want to call it doesn't have to be in SLK It can be installed anywhere.

    kodaya77 Friday, 02 March 2018 12:17 AM

    Does Trump and his family know about this law?

    Paradeep Friday, 02 March 2018 12:22 AM

    Americans openly invade other third world countries and change regimes,kill any foreign leader who practices anti -West politics,fires cowardly cruise missiles and fly killer drones from safety of their homes and kill brown and black people in thousands.Now are we supposed to believe that such people are so honourable that they wouldn't even bribe foreign countries ? They honestly thing that we stupid.

    Mythiri Friday, 02 March 2018 08:20 AM

    Good point,well said.

    Ceylon Friday, 02 March 2018 08:49 AM

    You did not look at our hustory.we came from india and invaded wedda's country,killed and destroyed their country and settled down.

    objective Friday, 02 March 2018 08:52 AM

    They are still far better than corrupt Asia or the superstitious and ignorant middle east

    Sri Friday, 02 March 2018 09:57 AM

    Mr Objective,you are not just subjective but totally confused.

    Dr Raj Friday, 02 March 2018 10:51 AM

    Ceylon,did you pass at least 8th standard in school.Sri Lanka was invaded more than 5000 years ago but the Americans in this enlightened mordern times are committing the crime of invasion and killings.So their mindset belongs to barbaric ancient times.Ceylon did you get it in your tiny head!

    Jaliya Friday, 02 March 2018 11:48 AM

    Paradeep, Has your US visa application is ever been rejected ? There must be a reason for so much resentment

    Herath Friday, 02 March 2018 05:02 PM

    Jaliya,your never went to university so traitors like you never taken part in serious debates, You third rate convert.

    Ex Police Friday, 02 March 2018 05:07 PM

    Jaliya,Can you find a single factual error in Paradeep’s comment,entities like you are a threat to our national security.

    Jaliya Friday, 02 March 2018 08:06 PM

    Herath, Where I have my higher education is a place that you are not welcome. From your remark I gathered that don't seems to have good manners civilized qualities and courtesy towards your neighbors family or friends ... see that's the reason for denial of visa.

    sacre blieu Friday, 02 March 2018 09:02 AM

    Remember the days when the CIA through its shadow front companies bribed foreign governments to gain a foothold in their assets and fund any reactive actioin by the victimised citizens.

    Sincere Friday, 02 March 2018 09:26 AM

    Sorry. No business for you in the Asia's miracle!

    VJ Friday, 02 March 2018 12:57 PM

    They also have an anti nepotism law, If Sri Lanka had similar laws, the SLT and the CPC would have non relatives of the president and the minister for the post of chairman.

    iemerald Saturday, 03 March 2018 12:43 PM

    Is this a joke statement from the US.They have been bribing g people for as long as I can remember. they are still doing it. look at Syria et al.what a load of codswallopAlso, nepotism is ripe in the US today. just look at the trumps.Of course, they like to preach to others on otherwiseDO AS WE SAY NOT AS WE DO

    SARADIEL Saturday, 03 March 2018 12:51 PM

    so it only applies to US Companies. THE CIA AND OTHER COVERT OPERATORS WITHIN THE US GOVERNMENT HAVE A FREE HAND TO DO WHAT THEY WANT. BRIBE, REGIME CHANGE EVEN RESORT TO ELIMINATION(BEING POLITICALLY CORRECT),. THAT IS ALRIGHT THEN.


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