Edited by Stephen Tully
Chapter 8: Additional initiatives
i. Organisation of American States: Permanent Council Resolution 154 on the Behaviour of Transnational Enterprises Operating in the Region and the Need for a Code of Conduct to be Observed by Such Enterprises, 1975 Commentary: Established in 1948, the OAS promotes inter-American cooperation between its member States with respect to democracy, governance, human rights, peace and security, trade, economic development and corruption. Resolution 154 (167/75) was unanimously approved (OAS Document OEA/Ser G, CP/RES 154) and arose in response to improper commercial interference in political affairs, bribery and other illegal activity. The Resolution condemned such acts, initiated information exchange and called for ‘a study of the principles that should govern the activities of transnational enterprises for the purpose of preparing a draft code of conduct which such enterprises should observe’ (para 2). ii. Eastern and Southern African States Preferential Trade Area: Charter on a Regime of Multinational Industrial Enterprises, 1990 Commentary: Article 4, Annex VIII of the Treaty for the Establishment of the Preferential Trade Area (PTA) for Eastern and Southern African States (21 ILM 479 (1982)) provides inter alia that Member States will encourage the establishment of multinational industrial enterprises (MIEs). Formulated over seven years, the Charter seeks to generate investment capital and closer economic integration between Eastern and Southern African States through regional companies. Key provisions include establishment (Article 5), incentives and guarantees (Articles 15 & 16) and uniquely a special development tax (Article 19). iii. Andean Group: Commission: Decisions 220 (1987), 226 (1989) and 292 (1991) on a Uniform...
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