Mandate: Resolution of the Council on the Terms of Reference of the Investment Committee [C(2008)169 and C/M(2008)20, item 286, ii)]
Resolution of the Council [C(2008)169 and C/M(2008)20, item 286 ii]
Having regard to the Convention on the Organisation for Economic Co-operation and Development of 14 December 1960 and, in particular, articles 1, 3, 5a) and 9 thereof;
Having regard to the Rules of Procedure of the Organisation and in particular Rule 18 a) iii);
Having regard to the Resolution of the Council C(2004)3 and CORR1;
Having regard to the proposal to revise the mandate C(2008)169;
A. The Investment Committee (hereinafter “the Committee”) has the following mandate:
a. The mission of the Committee is to promote investment for growth and sustainable development worldwide by advancing international co-operation and policy reform;
b. Its main objectives include:
-maintaining and expanding open and transparent policy frameworks for investment, capital movements and services;
-promoting responsible business conduct in a globalising economy;
-supporting the development and enhancing the outcomes of international investment agreements;
-improving measurement and analysis of emerging investment trends.
In order to achieve these objectives, the Committee shall:
a. act as a forum for peer surveillance of policy developments and multilateral dialogue on best practices in the fields of international investment and multinational enterprises, capital movements, and international financial and other services covered by the OECD investment instruments;
b. actively engage with major emerging and other non-Member economies, in particular through non-Members' adherence to existing OECD investment instruments, close association in the design of new or revised instruments, policy dialogue and assistance from the Committee;
c. carry out the tasks assigned to it by the OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations and Council Decisions related to the OECD Declaration on International Investment and Multinational Enterprises; tasks resulting from the OECD Recommendation on the OECD Benchmark Definition of Foreign Direct Investment and the OECD Recommendation on the OECD Principles for Private Sector Participation in Infrastructure; such other tasks as the Council may assign to it;
d. be responsible for monitoring and promoting coherence of all work carried out within the Organisation, including contributions to horizontal projects, in the field of international investment and multinational enterprises, capital movements and international financial and other services as covered by the OECD Codes, and for presenting recommendations and proposals for this purpose to the Council or to other committees;
e. focus its work on delivering policy and analytical outputs of high quality and with high impact and regularly evaluate how well the Committee is meeting its objectives.
The Committee shall:
a. co-operate with other OECD bodies, including those involved in the work on the Policy Framework for Investment, and in this context promote whole-of-government approaches to policies relating to investment;
b. promote and develop strategic partnerships with the relevant international and regional organisations, in particular in the context of capacity building programmes with non-Members, to avoid duplication of work and maximise synergies;
c. promote dialogue with, and consider input to its work from the business community, labour representatives, other major civil society stakeholders and leading academics.
B. The mandate of the Investment Committee shall remain in force until 31 December 2013, unless the Council decides otherwise.”