Recently, U.S. Commerce Secretary Wilbur Ross delivered this speech in Uzbekistan to the American-Uzbek Chamber of Commerce Business Forum.
In the speech Ross stated: “When contracting with U.S. companies on public tenders, the citizens of Uzbekistan can be guaranteed that there are no shady deals involved. The 1977 Foreign Corrupt Practices Act prohibits U.S. companies from engaging in any type of corrupt practice to win contracts. The law is strictly enforced by the U.S. Department of Justice and has been instrumental in fighting corruption. It provides officials and citizens of this country with a guarantee that when they do business with a U.S. company, they know that there are no clandestine deals, no lousy terms to a state-backed loan, and no exchange of cash-laden briefcases. When you do business with American companies, a new generation of aspiring Uzbekistanis gains experience in corporate governance and best practices.”