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DECISIONINTERNATIONAL INVESTMENT AND MULTINATIONAL ENTERPRISES
Decision of the Council on International Investment Incentives and Disincentives
17 May 1984 - C(84)92

THE COUNCIL,

HAVING REGARD to the Convention on the Organisation for Economic Co-operation and Development of 14 December 1960 and, in particular, Articles 2 c), 2 d), 2 e), 3 and 5 a) thereof;

HAVING REGARD to the Resolution of the Council of 28 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 21 June 1976 on International Investment Incentives and Disincentives;

HAVING REGARD to the Revised Decision of the Council of 13 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:

1.    Consultations will take place in the framework of the Committee on International Investment and Multinational Enterprises at the request of a Member country which considers that its interests may be adversely affected by the impact on its flow of international direct investments of measures taken by another Member country which provide significant official incentives and disincentives to international direct investment. Having full regard to the national economic objectives of the measures and without prejudice to policies designed to redress regional imbalances, the purpose of the consultations will be to examine the possibility of reducing such effects to a minimum.

2.    Member countries shall supply, under the consultation procedures, all permissible information relating to any measures being the subject of the consultation.

3.    The Committee may periodically invite the Business and Industry Advisory Committee to OECD (BIAC) and the Trade Union Advisory Committee to OECD (TUAC) to express their views on matters relating to international investment incentives and disincentives and shall take account of these views in its periodic reports to the Council.

4.   This Decision shall be reviewed at the latest in six years. The Committee on International Investment and Multinational Enterprises shall make proposals for this purpose as appropriate.

5.    This Decision shall replace Decision C(79)145.

Non-Member Adherents [*]   

Argentina

  • Adherence date: 22 April 1997

Brazil

  • Adherence date: 14 November 1997

Chile

  • Adherence date: 3 October 1997

Colombia

  • Adherence date: 8 December 2011

Costa Rica

  • Adherence date: 30 September 2013

Egypt

  • Adherence date: 11 July 2007

Estonia

  • Adherence date: 20 September 2001

Hungary

  • Adherence date: 11 April 1994

Israel

  • Adherence date: 19 September 2002

Jordan

  • Adherence date: 24 November 2013

Kazakhstan

  • Adherence date: 20 June 2017

Latvia

  • Adherence date: 19 December 2003

Lithuania

  • Adherence date: 20 September 2001

Morocco

  • Adherence date: 23 November 2009

Peru

  • Adherence date: 22 July 2008

Romania

  • Adherence date: 12 April 2005

Slovenia

  • Adherence date: 22 January 2002

Tunisia

  • Adherence date: 23 May 2012

Ukraine

  • Adherence date: 15 March 2017
Relevant body:
Committee on International Investment and Multinational Enterprises now called Investment Committee

[*] Adherence date is the exchange of letter date (most recent date if two dates available). Chile became Member of the Organisation on 7 May 2010. Estonia became Member of the Organisation on 9 December 2010. Hungary became Member of the Organisation on 7 May 1996. Israel became Member of the Organisation on 7 September 2010. Latvia became Member of the Organisation on 1 July 2016. Slovenia became Member of the Organisation on 21 July 2010.
 
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