Beware importers and exporters on challenges that lie ahead when conducting business with BRIC. Which countries comprise of BRIC? Brazil, Russia, India and China. And due to diversity of cultures, government structures, business practices and legal issues, each country presents its own set of unique risks.
As U.S. enforcement of the Foreign Corrupt Practices Act (FCPA) intensifies and the stringent U.K. Anti-Bribery Law takes effect on July 1, companies doing business in Brazil, Russia, India and China - the BRIC countries - face particular challenges, an expert said at a recent anti-corruption conference.
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