Adopted by the OECD Council on 16 July 2009
This Report by the Investment Committee transmits the results of a review initiated in 2007 to update members' positions under the OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations and the OECD National Treatment instrument of the OECD Declaration on International Investment and Multinational Enterprises.
Reviews of members' positions to ensure compliance with the letter and spirit of the instruments and their jurisprudence are mandatory. The prospect of accession discussions and the need for Members to set the example were a factor in deciding to launch this work in 2007. Since then, this work has become part of the OECD Strategic Response to the Financial and Economic Crisis "to ensure that Members live up to their legal commitments, including in respect to standstill and elimination of reciprocity". This work also contributes to the Freedom of Investment process.