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The system of investment dispute settlement has borrowed its main elements from the system of commercial arbitration. However, investor-state disputes often raise public interest issues which are usually absent from international commercial arbitration. As a result, the traditional manner in which governmental measures are reviewed for compliance with international law in a private setting, i.e. confidential in camera proceedings
The OECD Investment Committee has released a statement supporting additional transparency in international investment arbitration. The Working Paper Transparency and Third Party Participation in Investor-State Dispute Settlement Procedures provides a comprehensive and up-to-date survey of current rules and steps to improve transparency by governments, arbitral tribunals and relevant international organisations
In conjunction with the Annual Meeting of the National Contact Points, the 2005 Roundtable on Corporate Responsibility focusing on the OECD Guidelines for Multinational Enterprises and Developing Countries was held on 14 June 2005 in Paris, France.
Boosting market liberalisation by reducing trade, investment and competition barriers to "best practice" levels could significantly raise GDP per head in the European Union and the United States, according to a new OECD working paper.
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This report focuses on the role of official development assistance (ODA) to support the efforts of developing countries to improve their investment climate, including through policy capacity building. The experiences with intervention in areas such as regulatory reform, upgrading of infrastructure and strengthening the trade/investment linkage are reviewed. More targeted approaches to enhancing investment are also analysed, including
Organised in the context of the NEPAD/OECD Africa Investment Initiative, this Roundtable in Entebbe, Uganda, on 25-27 May 2005 focused on the regulatory environment for foreign direct investment in African countries and private participation in infrastructure and the utilities sectors.
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This article, by the OECD Secretary-General Donald Johnston, describes how the OECD Guidelines for Multinational Enterprises, a government-backed code of conduct for international business, has become an influential instrument for promoting appropriate standards of behaviour in today’s global economy. It was prepared for a book on Corporate Social Responsibility published by the International Bar Association and Kluwer Law
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This progress report, approved by the OECD Investment Committee in April 2005, documents work on the Policy Framework for Investment. The Framework is non-prescriptive. It provides a checklist of policy issues to support an attractive environment for both domestic and foreign investment. The report also notes progress under the Initiative in building policy capacity through peer learning and in joint work with DAC on using ODA more
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This document, by the UN Global Compact and the OECD, seeks to clarify the complementarities and distinctive contributions of these two initiatives.
The MENA-OECD Steering Group meeting in Paris on 4 April 2005 focused on progress to date and preparations for the Ministerial meeting.