Anti-Bribery Policy

The New Zealand Export Credit Office (NZECO) does not guarantee transactions where bribery is involved. In supporting any export credit transaction, the NZECO will take measures to deter and combat bribery. These policies and procedures are summarised below.

The NZECO has a legal, corporate and ethical responsibility to ensure it is not knowingly providing support in a transaction involving the offer or the giving of a bribe.

The NZECO recognises that bribery in international business transactions distorts international competitive conditions, and it supports initiatives that encourage the combat of bribery in international business transactions such as the OECD Action Statement on Bribery and Officially Supported Export Credits. Furthermore, the NZECO must operate in a manner consistent with OECD guidelines relating to officially supported export credits, including any guidelines developed by OECD from time to time in relation to bribery.

The NZECO exercises its responsibilities by taking appropriate measures to deter the offer or giving of a bribe, including:

• Informing applicants and/or exporters about the legal consequences of bribery in international business transactions;
• Requiring applicants and/or exporters to provide to the NZECO an undertaking or declaration that neither they, nor anyone acting on their behalf, have been engaged, or will engage, in any corrupt conduct including bribery while conducting that transaction;
• Refusing to approve credit, cover or other support where, in the NZECO’s opinion, there is sufficient evidence or reason to believe that bribery was involved in connection with the export transaction to which the application relates.

NZECO Declaration of Non-Bribery Form

Non-Bribery Declaration - nzeco-bribery-declaration-v1.doc