Peru signs up to OECD global investment agreement

Peru has become the 41^st adherent to the OECD declaration on international investment and multinational enterprises. It is in recognition of its impressive progress in implementing investment policy reforms to improve the country’s business climate and reduce poverty.

As an adherent to the declaration, Peru commits to treating foreign investors in the same way as domestic investors and to promoting responsible business conduct. In turn, the country benefits from assurances from other adherents to treat Peruvian investors abroad fairly.

Signing up to the declaration also involves the establishment by Peru of a national contact point to be located in Peru’s private investment promotion agency (proinversion) responsible for promoting the observance of the OECD guidelines for multinational enterprises, an integral part of the OECD declaration.

The country will also participate in the work of the OECD investment committee with 10 other emerging economies that are adherents to the declaration: Argentina, Brazil, Chile, Egypt, Estonia, Israel, Latvia, Lithuania, Romania and Slovenia.