§ Mr. McCrindleasked the Secretary of State for Industry what has been the outcome of the review of the declaration on international investment and multinational investment made by the Governments of the Organisation for Economic Co-operation and Development member countries in 1976.
§ Mr. David MitchellThe ministerial meeting of the OECD which took place in Paris on 13 and 14 June accepted a report setting out progress and recommending certain actions arising from a review of the 1976 OECD Declaration. The report surveys the impact of the guidelines for multi-national enterprises and points to their growing degree of acceptance by the business community. The report recognises, however, the need for further efforts to promote the guidelines. The report indicates the need for one change to the guidelines to cover462W circumstances not foreseen in 1976, and makes recommendations on OECD's administrative arrangements for implementing the Declaration. A copy of the report has been placed in the Library of the House.