OECD Investment week: more attention should be paid to impact on decent work and development

TUAC welcomes the opportunity to participate into the OECD discussions during the OECD “investment week” on 11-13 March 2019. The labour movement has serious concerns about a free trade and investment agenda that would strengthen corporate power, whilst paying insufficient attention to qualitative impact on jobs and development. At the last OECD Ministerial Council Meeting, TUAC called for a progressive agenda, embedding the multilateral system within a wider social framework.

At consultations and workshops held during that week, the TUAC provided inputs on a number of on-going OECD policy work, including:

• the qualitative impact of foreign direct investment (FDI);
• international investment agreements and investor responsibilities;
• the implementation of the OECD Due Diligence guidance and better functioning of the OECD National Contact Points (NCPs);
•  emerging OECD discussions on “trust in financial institutions”.