The Declaration calls for treatment of foreign investors by host country governments no less favourable than that applied to domestic enterprises. It also promotes voluntary standards of responsible business conduct under the framework of the OECD Guidelines for Multinational Enterprises. Latvia is the 38th country to adhere to the Declaration, joining the 30 OECD countries plus Argentina, Brazil, Chile, Estonia, Israel, Lithuania and Slovenia.
A recent OECD examination of Latvia’s FDI policies encouraged the Latvian government to actively pursue its economic reforms and dismantling of market access barriers on a nondiscriminatory basis and to continue to find concrete solutions to administrative barriers faced by the foreign business community.
©OECD Observer No 242, March 2004