OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations

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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 current invisible transactions (mostly services).

Implementation of the Codes, in particular by removal of restrictions on cross-border capital flows and trade in services and the concomitant lifting of country reservations against the Codes, involves "peer pressure" exercised through policy reviews and country examinations to encourage unilateral rather than negotiated liberalisation.

OECD Code of Liberalisation of Capital Movements: 2009

This publication presents the full text of the OECD Code of Liberalisation of Capital Movements and sets out the legally binding obligations that OECD members have accepted. The Code is regularly updated by decisions of the OECD Council. It serves as a reference manual to the obligations of members under the Code and to the degree of liberalisation achieved by each member country in regard to capital movements.

OECD Code of Liberalisation of Current Invisible Operations: 2009

This publication presents the full text of the Code of Liberalisation of Current Invisible Operations under which OECD Members have accepted legally binding obligations. This edition shows all changes in the positions of Members as updated by Decisions of the OECD Council as of July 2009. It allows a comparison of the degree of liberalisation achieved by each Member country in regard to the international transactions covered by the Code, including services related to business, industry and foreign trade, transport, insurance and pensions, banking and finance, cinema and television, and travel and tourism.

OECD Codes of Liberalisation of Capital Movements and Current Invisible Operations: Users' Guide 2008

The purpose of this User's Guide is to contribute to a better understanding of the principles and procedures of the OECD Codes. It also provides detailed explanations of the coverage of the Codes and may therefore serve as a manual for Code users. First published in 2003, the 2008 version has been adjusted to take recent developments into account, specifically, revised insurance and private pensions provisions of the Code of Liberalisation of Current Invisible Operations.