Slovenia signs investment declaration

Page 44 

Slovenia has been invited to adhere to the OECD Declaration on International Investment and Multinational Enterprises, in recognition of its success in establishing a stable and non-discriminatory business environment, and has accepted the invitation.

The Declaration promotes equally favourable treatment for foreign and domestic investors by the host government and promotes a set of voluntary standards of appropriate business conduct for multinational enterprises.

Since gaining independence in 1991, Slovenia has managed a dual transition from a socialist to an open-market system of government and from a regional to a national economy.

It has an open and generally non-discriminatory regime for foreign direct investment (FDI) with a current FDI stock estimated at US$33 billion.

Slovenia is also becoming a significant investor in its own right in the southeast Europe region. A new OECD review of Slovenia’s FDI policies stresses the importance of pursuing liberalisation and recommends further progress in reducing administrative barriers.

Slovenia will be the sixth non-OECD country to adhere to the declaration after Argentina, Brazil, Chile, Estonia and Lithuania.

• Investment Policy Reviews: Slovenia, OECD, 2001.

©OECD Observer No 230, January 2002 




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