AUT: OECD MAI Negotiating Text (fwd)

["Harry M. Cleaver" <hmcleave@xxxxxxxxxxxxxx>]

FYI
---------- Forwarded message ----------
Date: Sun, 22 Mar 1998 15:44:21 -0500
From: Sam Lanfranco <lanfran@xxxxxxxx>
Reply-To: Forum on Labor in the Global Economy <LABOR-L@xxxxxxxx>
To: LABOR-L@xxxxxxxx
Subject: OECD MAI Negotiating Text

>From bobolsen@xxxxxxxxx Fri Mar 20 22:08:43 1998

The OECD MAI Negotiating Text (as of 14 February 1998)

Is available in PDF format at

        http://www.oecd.org/daf/cmis/mai/maindex.htm

        and/or  http://www.oecd.org/daf/cmis/mai/maitext.pdf


It is available in text format, unofficial formatting,
approximately 270 KB, at:

        http://web.uvic.ca/german/hendrik/mai-0298.txt

        and  http://www.interlog.com/~cjazz/mai.txt



The official OECD Feb 14, 1998 document reads as follows..............


This document consolidates the text of the agreement considered in the
course of the MAI negotiations so far. The text reproduced here results
mainly from the work of expert groups and has not yet been adopted by
the
MAI Negotiating Group. It is presented with footnotes and proposals that
are still under consideration. The final text will be accompanied by
country specific exceptions which will form an integral part of the
agreement. Commentary to this text will be issued at a later date.

DIRECTORATE FOR FINANCIAL, FISCAL AND ENTERPRISE AFFAIRS
Page....... 2
Page........3


TABLE OF CONTENTS

I. GENERAL PROVISIONS  7
   Preamble .......... 7

II. SCOPE AND APPLICATION........... 11
    Definitions .................... 11
    Geographical Scope of Application ... 12
    Application to Overseas Territories . 12

III. TREATMENT OF INVESTORS AND INVESTMENTS.. 13
     National Treatment and Most Favoured Nation Treatment.. 13
     Transparency....... 13
     Temporary entry, stay and work of Investors and Key Personnel 15
     Nationality Requirements for Executives, Managers and Members of
     Boards of Directors..... 17
     Employment Requirements..17
     Performance Requirements... 18
     Privatisation ............. 25
     Monopolies/State Enterprises/Concessions  30
     Entities with Delegated Governmental Authority  41
     Investment Incentives ............ 42
     Recognition Arrangements ......... 45
     Authorisation Procedures.......... 45
     Intellectual Property............. 46
     Public Debt....................... 49
     Corporate Practices .............. 49
     Technology R&D.................... 49
     Not Lowering Standards ........... 50
     Additional Clause on Labour and Environment ..... 51

Page.......4

IV. INVESTMENT PROTECTION.......... 52
    General Treatment ............. 52
    Expropriation and Compensation .. 52
    Protection from Strife .......... 53
    Transfers ....................... 54
    Information Transfer and Data Processing .. 56
    Subrogation ............................... 56
    Protecting Existing Investments ........... 57

V. DISPUTE SETTLEMENT................... 58
   State-State Procedures .............. 58
   Investor-State Procedures ........... 65

VI. EXCEPTIONS AND SAFEGUARDS........... 72
    General Exceptions ................. 72
    Transactions in Pursuit of Monetary and Exchange Rate Policies 73
    Temporary Safeguard ................ 74

VII. FINANCIAL SERVICES................. 76
     Prudential Measures................ 76
     Recognition Arrangements .......... 76
     Authorisation Procedures........... 77
     Transparency....................... 77
     Information Transfer and Data Processing ........ 78
     Membership of Self-regulatory Bodies and Associations ...... 78
     Payments and Clearing Systems/Lender of Last Resort ........ 79
     Dispute Settlement ......................................... 79
     Definition of Financial Services ........................... 82

VIII. TAXATION.... 84

IX. COUNTRY SPECIFIC EXCEPTIONS....... 87
    Lodging of Country Specific Exceptions....... 87
........ 5

X. RELATIONSHIP TO OTHER INTERNATIONAL AGREEMENTS.......... 93
   Obligations under the Articles of Agreement of the International
   Monetary Fund ....... 93
   The OECD Guidelines for Multinational Enterprises .... 93

XI. IMPLEMENTATION AND OPERATION....... 95
    The Preparatory Group ............. 95
    The Parties Group ................. 97

XII. FINAL PROVISIONS ................. 99
     Signature ........................ 99
     Acceptance and Entry Into Force... 99
     Accession ....................... 100
     Non-Applicability ............... 100
     Review .......................... 100
     Amendment........................ 100
     Withdrawal....................... 101
     Depositary ...................... 101
     Status of Annexes ............... 101
     Authentic Texts.................. 101
     Denial of Benefits .............. 102

Page ........ 6

ANNEX:

COUNTRY SPECIFIC PROPOSALS FOR DRAFT TEXTS
  Geographical Scope ........... 104
  Scope......................... 106
  Substantive Approach to the Respect Clause ..... 107
  Respect Clause ..................... 108
  Regional Economic Integration Organisations ...... 109
  Regional Economic Integration Organisations ...... 110
  Conflicting Requirements ......................... 111
  Secondary Investment Boycotts..................... 114
  Culture........................................... 117
  Subnational measures ............................. 118
  The Svalbard Treaty............................... 119
  Labour Market Integration Agreements ............. 120
  Sami People ...................................... 122
  Additional Environmental Proposals ............... 123

........................................................



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