Negotiations on a proposed multilateral agreement on investment (MAI) were launched by governments at the Annual Meeting of the OECD Council at Ministerial level in May 1995. The objective was to provide a broad multilateral framework for international investment with high standards for the liberalisation of investment regimes and investment protection and with effective dispute settlement procedures, open to non-OECD countries. Negotiations were discontinued in April 1998 and will not be resumed.
A Negotiating Group held its first meeting on 27 September 1995 with the participation of representatives of the OECD’s then 25 member countries and the European Commission. In a statement, they said the MAI would be a free-standing international treaty open to both OECD countries and non-OECD countries, who were to be consulted as negotiations progressed. Negotiations were discontinued in April 1998, however, and they will not be resumed.