Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Guidelines For Multinationals Agreed

Press Release

28 June 2000

GUIDELINES FOR MULTINATIONALS AGREED

The Minister for Trade Negotiations, Jim Sutton, today welcomed the adoption of updated Guidelines for Multinational Enterprises, saying they reflect the priorities and concerns of the coalition government, particularly in the areas of labour standards and the environment.

Ministers from the OECD and three non-OECD countries - Argentina, Brazil and Chile - have endorsed an updated version of the OECD Guidelines for Multinational Enterprises.

Mr Sutton said multinational enterprises often had a positive influence in the world economy, but it is important that governments sent a clear message on what they considered appropriate corporate conduct.

?This work represents a part of the response to public concerns about globalisation.?

The Guidelines, first developed in 1976 and reviewed regularly, provide a set of voluntary principles and standards covering a range of areas. They aim to encourage responsible business conduct by enterprises wherever they operate.

The Guidelines endorsed this week are the product of a period of intense negotiations and changes to the text have been significant. Inclusion of recommendations on child and forced labour means that all internationally recognised core labour standards are now covered by the Guidelines. The environment chapter has been significantly updated and new chapters on consumer interests and combating bribery have been added. A new recommendation on human rights has also been introduced.

The revised Guidelines have been developed involving extensive consultation with the business community, labour representatives and non-governmental organisations.

Mr Sutton said he was delighted the changes sought by New Zealand were reflected in the final document.

"The Government takes these new obligations very seriously, officials can now start work on promoting the Guidelines: disseminating information about them, resolving any issues which may arise in relation to their use and reporting back to the OECD," Mr Sutton said.

Mr Sutton, currently in Geneva, returns to New Zealand on Sunday.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news