The COVID-19 pandemic has taken its toll on small‑ and medium-sized enterprises and entrepreneurs globally, but they are weathering the storm thanks to strong government support packages, according to a new OECD report.
The OECD, together with governments of the US, Australia and Japan, has commenced consultations on the development of the Blue Dot Network certification process.
OECD Ministers have endorsed a new initiative to promote safe international travel during the COVID-19 pandemic at the OECD’s annual Ministerial meeting in Paris.
The OECD Steel Committee expressed deep concern as it met this week over the deterioration in steel market conditions related to the COVID-19 crisis, and agreed to accelerate work to build a comprehensive database of government support provided to steel producers in major steel-producing economies.
Uruguay became the 50th adherent to the OECD Declaration on International Investment and Multinational Enterprises on 25 February 2021 in recognition of its impressive progress in pursuing investment policy reforms to improve the country's business climate and encourage the positive contribution investment can make to economic, environmental and social progress.
The OECD Steel Committee expressed grave concern at its meeting this week over the deterioration in steel market conditions related to the COVID-19 crisis. The slump in demand caused by the global pandemic comes as steel production and inventories continue to grow in China. The Committee also noted with concern that the difficult market conditions were causing significant job losses in the industry
OECD countries have agreed to update rules on the export of hazardous plastic waste for recycling in line with international changes so that advance consent from destination countries will be required ahead of shipping. However, they did not reach consensus on updated arrangements for the export of non-hazardous plastic waste. OECD countries have agreed to review the situation for non-hazardous plastic waste in 2024.
Investment treaty policy makers are increasingly faced with pressures to integrate policies relating to business responsibilities into investment treaties. As policy makers contemplate whether and how to respond in their particular field, they need to understand the broader framework for business responsibilities.
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This joint statement underlines the commitment of international organisations to supporting Latin American and Caribbean countries, business, employers, workers' organisations and other stakeholders in addressing the unprecedented challenges posed by the COVID-19 pandemic.
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Esta declaración conjunta subraya el compromiso de las organizaciones internacionales de apoyar a los Estados de América Latina y el Caribe, a las empresas, a las organizaciones de empleadores y de trabajadores, así como a otras partes interesadas, para abordar los desafíos sin precedentes que plantea la pandemia del COVID-19.