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The OECD Investment Committee is responsible for the OECD liberalisation instruments in the field of international investment and services. It interprets and implements the 1976 Declaration and Decisions on International Investment and Multinational Enterprises and is the guardian of the Codes of Liberalisation of Capital Movements and Current Invisible Operations.
The Committee: 1) promotes the liberalisation of policies towards international capital movements, international direct investment and multinational enterprises (MNEs), and trade in services; 2) fosters international co-operation in these fields and 3) promotes better understanding of the policy issues at stake. In pursuit of these goals, the Committee:
- provides a forum for discussion of current issues among policy makers and administrators from Member countries and participating non-Member countries. Views are also exchanged with business, labour, non-member countries and other groups through consultation procedures, roundtables and conferences;
- monitors the observance of the "rules of the game" set out in the OECD Codes of Liberalisation and the Declaration and Decisions on International Investment and Multinational Enterprises and provide a forum for dispute resolution under these instruments; and prepare, when necessary, statements of "clarifications" or interpretation of the rules of the game for which they are responsible, including the Guidelines for Multinational Enterprises;
- conducts country-by-country or horizontal "peer reviews" of policies relating to the instruments and make recommendations to promote liberalisation;
- assesses whether candidates for OECD Membership are willing and able to meet the obligations of the OECD instruments;
- develops new rules of the game where necessary and appropriate;
- prepares critical analysis of trends in investment flows and a wide range of policy issues for consideration by policymakers, and where appropriate for publication to a wider audience.
Members of the Committee are delegates from OECD member countries. Argentina, Brazil and Chile participate in Investment Committee meetings as Observers. As signatories to the OECD Declaration and Decisions on International Investment and Multinational Enterprises, Argentina, Brazil, Chile, Estonia, Israel, Latvia, Lithuania, Romania and Slovenia participate in Committee meetings relating to the Declaration and Decisions.
The Investment Committee was formed in April 2004 following the merger of the Committee on International Investment and Multinational Enterprises (CIME) and the Committee on Capital Movements and Invisible Transactions (CMIT)
Further information about the Committee, including the chairmanship and vice-chairmanship(s); membership, observers or other participants; date of creation, duration and mandate, can be found in the Directory of Bodies under Financial and Enterprise Affairs http://webnet3.oecd.org/OECDgroups/ .
See also, the Investment Committee brochure
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