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OECD Investment Policy Reviews: Jordan 2013

image of OECD Investment Policy Reviews: Jordan 2013

This report presents the results of OECD's comprehensive review of Jordan's investment policy. It examines the role of investment in Jordan's economy, Jordan's investment regime and the national treatment instrument, Jordan's policy framework for investment, Jordan's adherence to the OECD Guidelines for Multinational Enterpriese, and its investment framework in support of green growth.

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Jordan's adherence to the OECD Guidelines for Multinational Enterprises

Policies for promoting responsible business conduct (RBC) in Jordan are still scarce. The concept is relatively new, the level of awareness is low and there is no comprehensive national policy. The government, enterprises and NGOs are, however, progressively taking initiatives to incorporate RBC into their practices. The authorities developed a Corporate Governance Code based on the OECD Principles of Corporate Governance. They ratified human rights conventions, but further steps are needed to guarantee respect for human rights by enterprises. The legal and institutional framework for employment and labour relations has been reinforced, but challenges remain in relation to freedom of association and social dialogue. Environmental impact assessments are conducted, though awareness on green business conduct is limited.With a view to promoting the OECD Guidelines for Multinational Enterprises and their observance by companies, Jordan will establish its National Contact Point within the Jordan Investment Board.

English

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