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Investment Committee
Mr. Manfred Schekulin   
Ms. Aiko HIROSE   
Mr. Michael TRACTON   
(United States)
Bureau Members:   
Mr. Joseph AKERMAN   
Ms. Julie BOISVERT   
Ms. Christine KAUFMANN    
(ex officio)
Mr. Krzysztof MAKOWSKI   
(ex officio)
Mr. Rodrigo MONARDES   
Mr. Carlo Pettinato   
Mr. Kimmo Sinivuori   
Mr. Michael WILLIAMS   
(United Kingdom)
Open to all Member countries 
Observers (International Organisations):   
International Monetary Fund (IMF)   
UN Conference on Trade and Development (UNCTAD)   
World Bank   
World Trade Organization (WTO)   
Date of creation:
1st March 2004
31st December 2023

Mandate:   -   Resolution of the Council on the Terms of Reference of the Investment Committee [C(2013)86, Annexe and C/M(2013)17, item 174, b)]




Resolution of the Council [C(2013)86, Annexe and C/M(2013)17, item 174, b)]




   Having regard to the Convention on the Organisation for Economic Co-operation and Development of 14 December 1960; 

   Having regard to the Rules of Procedure of the Organisation;

   Having regard to the Resolution of the Council on Partnerships in OECD Bodies [C(2012)100/FINAL];

   Having regard to the Resolution of the Council concerning the Investment Committee’s previous mandate [C(2008)169 and C/M(2008)20, Item 286 ii)];

   Having regard to the recommendations of the In-depth Evaluation of the Investment Committee and subsequent monitoring of implementation of recommendations [C(2010)35/PART1, C(2012)2 and C(2012)2/CORR1];

   Having regard to the proposed revision of the mandate of the Investment Committee [C(2013)86];


A.   The Investment Committee (hereinafter “the Committee”) is renewed with the following revised mandate:

I.   Objectives

a.   The mission of the Committee is to promote investment for growth and sustainable development worldwide through international co-operation and policy reform;

b.   Its main objectives include:

i)   maintaining and expanding open and transparent policy frameworks for investment, capital movements and services, including by supporting the development of international investment agreements and developing new instruments and policy guidance as required;

ii)   promoting responsible business conduct world-wide, including in a globalising economy by supporting a multi-stakeholder proactive agenda;

iii)   working with governments to put in place policies to maximise the social and economic benefits of international investment for development;

iv)   promoting informed policy dialogue, formulation and implementation by improving existing approaches for measuring international investment activities and developing new measures in support of the analysis of emerging investment trends;

v)   promoting understanding, awareness, use, and, where appropriate, adherence to the Committee’s flagship investment instruments and policy tools, including the OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations, the OECD Declaration on International Investment and Multinational Enterprises (including the Guidelines for Multinational Enterprises), the Benchmark Definition of Foreign Direct Investment, and the Policy Framework for Investment.

c.   In order to achieve these objectives, the Committee shall:

i)   act as a forum for peer surveillance of policy developments and multilateral dialogue on best practices in the fields of international investment and multinational enterprises, capital movements, and international financial and other services covered by the OECD investment instruments;

ii)   actively engage with emerging economies, in particular through Partners (i.e. non-Members) adherence to existing OECD investment instruments, close association in the design of new or revised instruments, policy dialogue and assistance from the Committee;

iii)   carry out the tasks assigned to it by the OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations in accordance with the Decision of the Council on the Governance of the Codes [C(2012)88/REV2] and Council Decisions related to the OECD Declaration on International Investment and Multinational Enterprises; tasks resulting from the OECD Recommendation on the OECD Benchmark Definition of Foreign Direct Investment and the OECD Recommendation on the OECD Principles for Private Sector Participation in Infrastructure; such other tasks as the Council may assign to it;

iv)   be responsible for monitoring and promoting coherence of all work carried out within the Organisation, including contributions to horizontal projects, in the field of international investment and multinational enterprises, capital movements and international financial and other services as covered by the OECD Codes, and for presenting recommendations and proposals for this purpose to the Council or to other committees;

v)   focus its work on delivering policy and analytical outputs of high quality and with high impact and regularly evaluate how well the Committee is meeting its objectives.

II.   Co-ordination arrangements

   The Committee shall:

a.   co-operate with other OECD bodies through joint bodies (such as the Advisory Task Force on the OECD Codes of Liberalisation and the Advisory Group on Investment and Development), through its involvement in or leadership of major horizontal projects, such as the Policy Framework for Investment, and through regular dialogue between the Chairs of the Committee and subsidiary bodies and their counterparts in other relevant OECD bodies as well as the Council;

b.   promote and develop strategic partnerships at the global level through its Global Forums on International Investment and on Responsible Business Conduct, regionally through regional programmes which have a presence in all regions of the world, and bilaterally through active engagement with the Key Partners and other economies directly involved in the work of the Committee, including as adherents to its instruments. It shall also continue to promote and develop partnerships with the relevant international and regional organisations, in particular in the context of capacity building programmes with Partners;

c.   promote dialogue with, and consider inputs from the business community, labour representatives, other major civil society stakeholders and leading academics.

B.   The mandate of the Investment Committee shall remain in force until 31 December 2018.

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