Transparency International (2010) defines corruption as the abuse of entrusted power for private gain. This definition encom-passes corrupt practices in both the public and private sectors. Three quarters of the 178 countries on the 2010 Corruption Percep-tion Index score below five on a scale from 0 (highly corrupt) to 10 (very clean). This index is made up of 13 surveys and assessments, compiling questions relating to the bribery of public officials, kick-backs in public procurement, embezzlement of public funds and the strength and effectiveness of public sector anti-corruption efforts (Rircart, Enright, Ghemawat, Hart, & Khanna, 2004). Although this index is not measuring transparency in international trade, it is useful to rank countries in corruptive practices. Ching et al. (2004) measure the transparency of trade regulation in terms of incon-sistency, confusion in implementation and the lack of publicity of regulations