Bribery Bill [Lords]

It would not be a sensible national business strategy if we tried to create markets for our companies by out-bribing the Chinese. We need to bring China into more of the international organisations. For example, it recently joined the World Trade Organisation, since when Chinese business practices have changed significantly. I look forward to the day when China joins the OECD. Perhaps that is not so far away, because it is beginning to work with the organisation, including on this issue. We must make progress towards a better world, rather than falling back into a dog-eat-dog, 18th-century mercantilism through which we all try to obtain a trade advantage by cheating better than other countries.