Transparency is described as commonly shared knowledge about the economy, its performance, and the way policy influences it (Tibana, 2003). In this sense, it is possible to find conflicting findings about transparency, which may actually hinder conflict resolution, not aid it (Finel & Lord, 1999). These authors measure transparency based on the society’s capability to debate ideas and the government’s ability to control the flow of information and disclose it to the public. Transparency is crucial to the effectiveness of international flows of goods and services. Indeed, by promoting transparency we are fostering the acquisition, analysis, and dissemination of regular, prompt, accurate and relevant infor-mation (Mitchel, 1998). We define transparency in international trade as the fair, open and non-corruptive business and political