USCIB’s Vice President for Investment and Financial Services Shaun Donnelly was leading the business voices at multiple events around the Organization for Economic Cooperation and Development’s (OECD) Investment Week in Paris last week. Donnelly was the lead business speaker at the panel on “Is Investment Liberalization Shifting into Reverse?” at the OECD Global Forum on International Investment and the lead business respondent to presentations by academic experts on “Societal Benefits and Costs of Investment Treaties” at the OECD’s Third Annual Conference on Investment Treaties.
In both formal presentations, as well as in formal and informal interactions with government delegations from both OECD member countries and leading developing and emerging governments, Donnelly emphasized the importance of investment agreements, including strong enforcement provisions, to facilitate much needed Foreign Direct Investment (FDI) flows.
Per established OECD practice, Donnelly played a lead role in BIAC’s formal consultation, along with the parallel labor and civil society stakeholder groups, with the OECD’s Investment Committee on Wednesday, March 8. With investment agreements under attacks from some quarters, it is important for business to speak up these sorts or international fora, whether at OECD or elsewhere, on the importance of FDI for both the host economy and the home country and especially on the important role high standard investment agreements and strong enforcement provisions play in today’s global economy.
Senior investment policy experts from the State Department, U.S. Trade Representative and Treasury Department also participated in the meetings last week.