The instrument on International Investment Incentives and Disincentives recognises that adhering countries may be affected by this type of measure and stresses the need to strengthen international co-operation in this area. It first encourages them to make such measures as transparent as possible so that their scale and purpose can be easily determined. The instrument also provides for consultations and review procedures to make co-operation between adhering countries more effective. Adhering countries may be called upon to participate in studies on trends in and effects of incentives and disincentives on FDI, and to provide information on their policies.
This procedural decision forms part of the Declaration on International Investment and Multinational Enterprises, adopted in 1976 by the Governments of OECD Member countries.
Second Revised Decision by the Council (May 1984)
THE COUNCIL,
Having regard to the Convention on the Organisation for Economic Co-operation and Development of 14th December 1960 and, in particular, Articles 2c), 2d), 2e), 3 and 5a) thereof:
Having regard to the Resolution of the Council of 28th November 1979 on the Terms of Reference of the Committee on International Investment and Multinational Enterprises [C(79)210(Final)];
Taking note of the Declaration by the Governments of OECD Member countries of 21st June 1976 on International Investment Incentives and Disincentives;
Having regard to the Revised Decision of the Council of 13th June 1979 on International Investment Incentives and Disincentives [C(79)145];
Considering the Report on the Second Review of the 1976 Declaration and Decisions on International Investment and Multinational Enterprises [C/MIN(84)5(Final)];
On the proposal of the Committee on International Investment and Multinational Enterprises;
DECIDES:
Related Documents