The Foreign Corrupt Practices Act (FCPA):
© allows U.S. firms to make payments to facilitate normal duties and to make payments to obtain special
advantages.
O allows U.S. firms to make payments to facilitate the performance of normal duties.
© attempts to persuade other nations to adopt U.S. rules regarding payments to officials.
O allows foreign nationals to offer payments to U.S. government officials to expedite trade agreements.
O allows U.S. firms to prosecute foreign nationals on bribery charges.
When sourcing offshore, a buyer:
© may assume that quality control systems and processes are universal.
@ will account for unknown risks by adding 10 percent to total cost assessments.
© must have extensive knowledge and analysis of the country.
© normally will let domestic suppliers counter the global suppliers offer.
will always state the price in U.S. dollars
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