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Note added at 9 hrs 18 mins (2004-01-22 09:28:22 GMT)
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A core concern to business is the establishment of a level playing field. Therefore, ratification and implementation of the convention should take place simultaneously in as many countries as possible. It is of critical importance that main trading partners establish equivalent rules in parallel. To ensure this, the Convention should only enter into force after a substantial number of signatory States have ratified the Convention. To assure this level playing field through a sufficient number of ratifications providing for substantive application of the Convention, a relatively high threshold is called for.

Implementation and Monitoring
The setting up of an efficient monitoring process is of prime importance to ensure efficient implementation of the Convention. Without such a process, the instrument would lose credibility among all actors and the envisaged level playing field will never be achieved. To be carried out efficiently, such a monitoring process should take into account results from monitoring existing instruments. Such an approach would save resources and reduce the burden on all participating institutions. Joint efforts in monitoring implementation of various instruments against corruption are the only way to get an overall coverage on a broad scale and within reasonable time limits. Furthermore, an effective monitoring process requires a review of the implementing legislation followed by a review of its enforcement.

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