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OECD Investment Policy Reviews: Costa Rica 2013

image of OECD Investment Policy Reviews: Costa Rica 2013

OECD's comprehensive review of investment policy in Costa Rica.  After an overview of the country, the review examines investment policy, investment promotion and facilitation as well as infrastructure in Costa Rica.

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Costa Rica's adherence to the OECD Guidelines for Multinational Enterprises

This chapter reviews Costa Rica’s public policies to promote responsible business conduct and the envisaged institutional arrangements for fulfilling its commitments as an adherent to the OECD Declaration on International Investment and Multinational Enterprises, in particular the Guidelines for Multinational Enterprises. The Guidelines are recommendations jointly addressed by governments to multinational enterprises. They aim to ensure that the operations of these enterprises are in harmony with government policies, to strengthen the basis of mutual confidence between enterprises and the societies in which they operate, to help improve the foreign investment climate and to enhance the contribution to sustainable development made by multinational enterprises. The Guidelines are also supported by a unique implementation mechanism, the National Contact Points, designed to promote the effective use of the Guidelines and address issues that may arise from the non-observance of the Guidelines.Upon adherence to the OECD Declaration, Costa Rica will establish its National Contact Point in the Ministry of Foreign Trade, which has led the process of Costa Rica’s adherence to the OECD Declaration on International Investment and Multinational Enterprises and is aware of the related commitments. The authorities have committed to take into account in establishing the National Contact Point the recommendations and commentaries on the implementation procedures provided by the Guidelines so that it can operate efficiently and in accordance with the core criteria of visibility, accessibility, transparency and accountability.

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