Latvia has taken an important step on the road to OECD membership by completing the process to become a member of the OECD Anti-Bribery Convention. Latvia will become the 41st Party to the OECD Anti-Bribery Convention on 30 May 2014.
This workshop focused on how to comply with international regulations on conflict-free gold supply chains and how to make the most of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
Organised in Bali on 24-25 March 2014, this forum addresses regional competitiveness for sustained growth. Individual sessions will discuss investment policy and promotion; SME policies; public-private partnerships; regulatory reform; and, innovation. These discussions will contribute to the objectives of the 2015 ASEAN Economic Community.
The European Commission has proposed an integrated EU approach to stop profits from trading minerals being used to fund armed conflicts. The package of measures aims to make it more difficult for armed groups in conflict-affected and high-risk areas to finance their activities through the mining of and trade in minerals.
This workshop sought to address whether the data we are using to measure and analyse globalisation is up to the task, and if it isn’t, what could be done.
South Africa must take urgent steps to proactively investigate and prosecute foreign bribery. No foreign bribery cases have been prosecuted since South Africa joined the Convention in 2007. The 4 on-going investigations – out of only 10 allegations that have surfaced to date – are also far from reaching the prosecution stage, according to a new report by the OECD Working Group on Bribery.
Chile has made positive efforts to implement the Convention, but there has not been a single foreign bribery conviction. Chile did not sufficiently investigate several of the six foreign bribery allegations that have surfaced since 2001. Chile should improve its investigative and detection efforts, says OECD
Recommendation of the OECD Council on Effective Public Investment Across Levels of Government
This conference focused on recent reforms undertaken by the government to improve the investment climate in Myanmar, and the ways that the international community can help ensure that renewed investor interest contributes to sustainable and inclusive development. It featured a discussion of the detailed finding of the recently released OECD Investment Policy Review of Myanmar.
Despite a strong performance in Q3, global FDI flows are set to fall 6% in 2013, according to the latest issue of FDI in Figures. Headwinds discouraging more international investment include persistent Eurozone sluggishness, slowing growth in China, and volatility in emerging markets.
This Investment Policy Review examines Tanzania's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment.
Ireland should increase its resources to detect and investigate foreign bribery more efficiently. Resources have, in recent years, been largely devoted to investigating non-bribery cases in the financial sector. Ireland has not prosecuted a foreign bribery case in the twelve years since its foreign bribery offence came into force, and law enforcement has taken few proactive steps to investigate allegations.
This report covers investment measures taken between mid May and mid November 2013 and was prepared in response to the G20 Leaders' request of 2 April 2009 for quarterly public reporting on their adherence to their trade and investment policy commitments.
The OECD Working Group on Bribery will release a report tomorrow Wednesday 18 December at 12.00 CET/11.00 Dublin time on Ireland’s efforts to fight foreign bribery.
This roundtable focused on the impact the Anti-Bribery Convention has had on the global anti-bribery agenda since its entry into force in 1999, as well as what should be done to ensure the Convention's continued relevance going forward.
The 2013 Forum was held on 5-6 December and discussed how governments can improve their investment policy framework to reduce the risk and attract long-term private finance in support of green growth.
The 2013 Annual Report describes the activities undertaken to promote the observance of the Guidelines during the implementation cycle of June 2012-June 2013. This includes the launch of the Global Forum on Responsible Business Conduct (RBC), the establishment of a Working Party on RBC, and the elaboration of a robust multi-stakeholder proactive agenda to promote the observance of the principles and standards found in the Guidelines.
Developed by companies, for companies, with assistance from the OECD, UNODC, and World Bank, this Handbook serves as a useful, practical tool for companies seeking compliance advice in one, easy-to-reference publication. It brings together the major business guidance instruments for companies and illustrates them using real-life, anonymised case studies provided by companies.
Jordan has become the 46th country to adhere to the OECD Declaration on International Investment and Multinational Enterprises. This adherence bears witness to the determination that Jordan holds towards strengthening the liberalisation of investment, increasing its integration into the world economy and promoting responsible business conduct.
The Malaysian government, in partnership with the OECD and ASEAN, has undertaken a review of its investment policies as part of an active programme of investment policy reforms to help revive both foreign and domestic investment.
Jointly organised by the OECD and ESCAP, this conference focused on the role of governments in supporting and facilitating more sustainable and inclusive business practices in the Asia-Pacific region.
18 November 2013 - Asia-Pacific Trade and Investment Week 2013 opened in Bangkok today with a regional conference on responsible business practices jointly organised by the United Nations Economic and Social Commission of Asia and the Pacific (ESCAP) and the Organisation for Economic Co-operation and Development (OECD).
Participants in this multi-stakeholder meeting reviewed and discussed the implementation of the OECD Due Diligence Guidance and in the 3Ts supply chain to ensure that companies avoid contributing to conflict through their mineral or metal purchasing decisions and practices.
This Investment Policy Review examines Mozambique's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment.
Azerbaijan must do more to enforce recently introduced anti-corruption laws and to ensure law enforcement has the resources to prosecute complex corruption crimes, says a new OECD report.
Georgia has achieved significant progress in reducing corruption over the past decade. To build on this progress, the Government should focus on strengthening its professional civil service and ensure independence of the judiciary, according to a new OECD report.
Global investment activity fell by nearly a third in the second quarter of 2013, after two consecutive quarters of increases, according to preliminary estimates in the October 2013 issue of FDI in Figures.
Deputy Minister of National Planning and Economic Development, Dr. Khin San Yee, presented her country’s ambitious efforts to improve the investment climate at meetings of the OECD Investment Committee and Advisory Group on Investment and Development from 15-17 October 2013 in Paris.
Costa Rica adhered today to OECD legal instruments on Internet governance and international business conduct, demonstrating its willingness to align its policies to best practices in these areas and work together with the Organisation.
New Zealand must significantly increase its efforts to detect, investigate and prosecute foreign bribery. Since joining the Convention over 12 years ago, New Zealand has not prosecuted any cases of foreign bribery and only four allegations have surfaced to date. Outdated perceptions that New Zealand individuals and companies do not bribe may have also undermined detection efforts.
Russia has yet to address key provisions of the OECD Anti-Bribery Convention, which entered into force in Russia in April 2012. It has not yet fully implemented recommendations for strengthening its framework for combating foreign bribery and should be more proactive in detecting, investigating and prosecuting foreign bribery cases.
Fighting foreign bribery is not a priority in Belgium. Together with the flagrant lack of resources for Belgian law enforcement authorities, this has resulted in very few foreign bribery investigations and prosecutions. In the 14 years since the entry into force of the foreign bribery offence in Belgium, only one case of bribery of foreign public officials has been concluded.
Costa Rica today became the 45th country to adhere to an OECD international investment instrument, designed to help the country attract more and better foreign investment and promote responsible business conduct.
Global value chains (GVCs) have become a dominant feature of world trade and investment, offering new prospects for growth, development and jobs, according to a new joint report by the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).
G20 Leaders today endorsed an OECD-launched initiative to encourage the flow of institutional investment towards longer-term assets, such as infrastructure and renewable energy projects, in order to strengthen the global economy.
This study documents the liberalisation of the FDI regime in Korea between 1990 and 2010 and examines how and why it came about. The paper focuses on the lessons can we draw from the Korean experience about how to achieve rapid and sustainable reforms.
Preliminary estimates in the July edition of FDI in Figures show that Russia recorded its highest-ever level of FDI outflows, making the country the second largest investor worldwide in the first quarter of 2013.
The OECD Working Group on Bribery has designated Slovenian national Drago Kos to serve as the Group’s new Chair.
Portugal’s enforcement of its foreign bribery laws has been extremely low. Not a single prosecution has resulted from 15 allegations of Portuguese companies bribing foreign officials in high-risk countries.
The current Polish framework for fighting foreign bribery is still inadequate to fully meet foreign bribery risks resulting from Poland’s growing economy, says a new OECD report.
This seminar focused on overcoming challenges to private sector participation in infrastructure in Southern Africa.
Co-organised by the Confederation of Indian Industry (CII) and the OECD in New Delhi, discussions at this seminar focused on corruption challenges facing Indian companies today and what can be done to overcome these challenges.
Investment strategies almost never consider external costs to the environment when calculating potential returns. But incorporating environmental risk and sustainability into investor mindsets is possible– and urgent.
This paper examines China’s investment policy since the publication of the 2008 OECD Investment Policy Review of China and recommends that the Chinese government continue its efforts to liberalise and increase the transparency and predictability of the framework for both inward and outward FDI. OECD Working Papers on International Investment - No. 2013/1.
Participants in this multi-stakeholder meeting launched the Gold Implementation programme and advanced implementation of due diligence in the 3Ts supply chain to ensure that companies avoid contributing to conflict through their mineral or metal purchasing decisions and practices.
Co-organised by the G20 Russian Presidency and the OECD, with UNODC support, this conference focused on promoting transparency and integrity in organising sport and other major events and cutting-edge measures for governments and business to combat corruption.
Government, business, trade and civil society representatives came together at this panel session to discuss the first year of implementation following the 2011 Update of the Guidelines.
Despite a 22% increase in the last quarter, global FDI flows in 2012 declined by 14% to USD 1.4 trillion compared to 2011 figures, according to preliminary estimates in the April 2013 issue of FDI in Figures.
This report provides a comparative overview of common standards and key features of specialised anti-corruption institutions and comprehensive descriptions of 19 anti-corruption institutions operating in different parts of the world, presented in a comparable framework.
The Czech government must urgently engage with the private sector to raise awareness, says a new OECD report. The awareness of the Czech foreign bribery offence remains regrettably low among companies, despite the recent adoption of a comprehensive corporate liability regime that holds Czech companies liable for this crime.