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Costa Rica signs investment declaration

Costa Rica became the 45th country to adhere to the OECD Declaration on International Investment and Multinational Enterprises, an OECD instrument designed to help the country attract more and better foreign investment and promote responsible business conduct.

Trade Minister Anabel González of Costa Rica signed the declaration at a ceremony held with OECD Secretary-General Angel Gurría at the OECD in Paris on 30 September. Mr Gurría said that “Costa Rica’s ability to attract foreign investment has helped transform its economy to make it more diversified and knowledge-intensive. Signing the OECD Declaration is another important step that will deepen its international integration and benefit growth and development.”

By signing the declaration, Costa Rica commits to providing national treatment to foreign investors and promoting responsible business conduct. In turn, other adhering governments commit to treating Costa Rican investors abroad fairly and to encourage their multinational enterprises operating there to contribute to economic, social and environmental progress. The full speech is available on www.oecd.org

©OECD Observer No 296, Q3 2013