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OECD Investment Policy Reviews: Morocco 2010

image of OECD Investment Policy Reviews: Morocco 2010

This Investment Policy Review examines Morocco’s achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment.

In recognition of its progress in pursuing investment policy reforms and improving the business climate, Morocco became in November 2009 the 42nd country to adhere to the OECD Declaration on International Investment and Multinational Enterprises. As an adherent to the Declaration, Morocco commits to providing national treatment to foreign investors and to promoting responsible business conduct. In turn, the country benefits from similar assurance from other adherents to treat Moroccan investors abroad fairly.

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Annex F

Summary of the Main Provisions of the OECD Declaration on International Investment and Multinational Enterprises

Adherence to the OECD Declaration on International Investment and Multinational Enterprises implies acceptance of all its components as well as the related Decisions and Recommendations. The OECD Declaration on International Investment and Multinational Enterprises is a political agreement among adherent countries for co-operation on a wide range of investment issues. The Declaration contains four related elements: the National Treatment instrument, the Guidelines for Multinational Enterprises, an instrument on Incentives and Disincentives to international investment, and an instrument on Conflicting Requirements. It is supplemented by legally binding Council Decisions on implementation procedures and by Recommendations to adherents to encourage pursuit of its objectives, notably with regard to National Treatment instrument.

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