FUTURE OF THE MULTILATERAL AGREEMENT ON INVESTMENT

Early day motion 1700, tabled 27 October 1998 by David Chaytor (Labour). Signed by 62 members.

That this House welcomes the decision by the OECD representatives to discontinue formal negotiations on the current text of the Multilateral Agreement on Investment; congratulates the French government for its determined opposition to the draft treaty; welcomes the forthcoming period of consultation with national governments, business, trade unions and environmental groups on an alternative investment framework; and urges the Government to set the agenda for the New Millennium by calling for a new investment agreement based on the principles of sustainable development, self-sufficiency for developing countries, core labour standards and an appropriate balance of rights and responsibilities for international investors and multinational corporations.

Signatures by party: Labour 39, Liberal Democrat 14, Labour/Co-operative 4, Plaid Cymru 2, Scottish National Party 2, Conservative 1.