TUAC Submission to the Investment Committee, 4 December 2013



  • 2013-TUAC-Submission-IC-Finalpdf


TUAC welcomes the proposed update of the Policy Framework for Investment and the adoption of an inclusive approach, which should include BIAC, TUAC and OECD Watch.
We also support the commitment made in the last paragraph that “particular attention should also be given to recent developments with regard to Responsible Business Conduct in line with the 2011 update of the OECD Guidelines for Multinational Enterprises” (para.23). We consider that there has been insufficient focus on this in past Investment Policy Reviews of the past – one recent example is Mozambique (2013) where there is no chapter on responsible business conduct, nor any recommendations made in the Executive Summary on RBC.

On investment policy one of the major areas of trade union concerns dispute settlement and investor–State dispute settlement (ISDS) procedures. Trade unions are opposed to the inclusion of such ISDS provisions in investment treaties. The other key concern is to balance the rights and obligations of investors and promote human rights, labour rights and environmental standards through commitments to comply with ILO core labour standards and other human rights under the ILO MNE Declaration, the UN Guiding Principles and the OECD Guidelines for Multinational Enterprises.