2008/06/20
Logistics and Transport (L&T) Industry Initiave
Another major novelty is that the Basel Institute on Governance initiated in 2008 a gathering of major Transport & Logistics industry players in order to address specific problems encountered by this sector with regard to corruption. The Institute facilitated three meetings up to now where the issue of facilitation payments was identified as a major impediment for the L&T sector. It is expected that industry standards will be developed around this topic. This initiative is co-organised by the World Economic Forum.