OECD member governments have established binding disciplines for themselves and recommendations for multinational enterprises by means of legal instruments to which adhering countries commit themselves. These instruments have been regularly reviewed and strengthened over the years to keep them up-to-date and effective.

Codes of Liberalisation  - The Code of Liberalisation of Capital Movements and the Code of Liberalisation of Current Invisible Operations constitute legally binding rules, stipulating progressive, non-discriminatory liberalisation of capital movements, the right of establishment and financial services and other current invisible transactions.

Declaration and Decisions on International Investment and Multinational Enterprises  - The Declaration is a political agreement among adhering countries for co-operation on a wide range of investment issues. It contains four related elements: the National Treatment instrument, the Guidelines for Multinational Enterprises, an instrument on incentives and disincentives to international investment, and an instrument on conflicting requirements. All 30 OECD member countries, and eight non-member countries have subscribed to the Declaration.

The Investment Committee provides the structure where adhering countries meet to discuss application and implementation of these legal instruments through the unique peer review process.

More