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MAI in "Deep Freeze" at OECD

OFFICIAL OECD Statement 12/3/98

Informal Consultations on International Investment

An informal consultation among senior officials responsible for investment policy was held on the morning of 3 December 1998, at OECD headquarters in Paris.

This meeting followed an earlier consultation on 20 October and a discussion of investment matters at the OECD's Executive Committee in Special Session (ECSS) on 22 October.

Negotiations on the MAI are no longer taking place. However, the officials agreed on the importance of multidisciplinary work on investment at OECD. There are a number of important issues on which further analytical work and inter-governmental co-operation are needed. The officials agreed that this work should be carried out in a transparent manner and should involve all OECD members as well as interested non-member countries, including those that participated as observers in the negotiations. The officials reaffirmed the desirability of international rules for investment.

The 3 December meeting was preceded by an informal seminar with BIAC, TUAC and other NGOs. The officials found the seminar useful and expressed their desire that this type of dialogue continue.

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