Slovenia became eligible for adherence to the OECD Declaration on International Investment and Multinational Enterprises on 20 December 2001. This Declaration promotes national treatment of foreign direct investment, proposes voluntary standards of behaviour to multinational enterprises and encourages moderation and restraint in the use of investment incentives and conflicting regulatory requirements.
The OECD has invited Slovenia to join the Declaration in view of the liberal orientation of Slovenia's policies, notably as regards foreign direct investment (FDI). Since it declared its independence in 1991, Slovenia has made impressive progress in developing and implementing policies for its transition to a market economy and preparing for EU accession. The encouragement of FDI is a central element of Slovenia's current internationalisation strategy. It is crucial to the success of the privatisation of the financial and utilities sectors currently under way. Slovenia has a strategic position between established European markets and developing former Yugoslav economies. Its knowledge of these markets make it a competitive platform for investment into this region.
Association with the OECD standards will reinforce Slovenian programmes to address existing barriers to investment and facilitate the contribution of foreign direct investment to its economic development. It also represents a significant step towards expanding Slovenia's co-operation with the Organisation and its Members. Upon adhering, Slovenia will be entitled to participate in the work related to the Declaration implemented by the OECD's Committee on International Investment and Multinational Enterprises, a Committee composed of officials from Ministries of Economic Affairs, Finance, Foreign Affairs, Trade and Industry.
This publication assesses the role that foreign direct investment has played in Slovenia's economic transformation since 1991. It is based on information current as of mid-October 2001. It has been prepared under the auspices of the OECD Centre for Co-operation with Non-members and is published under the responsiblity of the Secretary-General of the OECD.
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