Argentina adhered to the OECD Declaration on International Investment and Multinational Enterprises in 1997. By adhering to this Declaration, Argentina became a signatory to the OECD Guidelines for Multinational Enterprises, which are part of the Declaration. Argentina was also represented and actively participated in the Guidelines for MNEs update process.
The OECD Guidelines for Multinational Enterprises (Guidelines for MNEs) are recommendations addressed by governments to multinational enterprises operating in or from adhering countries. They provide non-binding principles and standards for responsible business conduct in a global context consistent with applicable laws and internationally recognised standards. The Guidelines are the only multilaterally agreed and comprehensive code of responsible business conduct that governments have committed to promoting.
The Guidelines aim to ensure that the operations of these enterprises are in harmony with government policies, to strengthen the basis of mutual confidence between enterprises and the societies in which they operate, to help improve the foreign investment climate and to enhance the contribution to sustainable development made by multinational enterprises.
According to paragraph 11 in Chapter I, Concepts and Principles, governments adhering to the Guidelines will implement them and encourage their use. They will establish National Contact Points that promote the Guidelines and act as a forum for discussion of all matters relating to the Guidelines.
Additionally, Part II, para. 1 provides that “Adhering countries shall set up National Contact Points to further the effectiveness of the Guidelines by undertaking promotional activities, handling enquiries and contributing to the resolution of issues that arise relating to the implementation of the Guidelines in specific instances. The business community, worker organisations, other non-governmental organisations and other interested parties shall be informed of the availability of such facilities.