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On July 1, 2015 China and the OECD signed a Medium-Term Vision Statement and a joint Programme of Work for 2015-2016. The Programme of Work foresees that China and the OECD will strengthen cooperation in 20 policy areas, ranging from macroeconomic management and structural reform to regulatory and public governance to green growth. This is particularly timely as China will soon unveil priorities for its 2016 G20 Presidency.
“China and the OECD need each other now more than ever…As Chinese companies ramp-up overseas investment, and as OECD-based companies continue to sow investments in China, a new and enhanced program for China-OECD cooperation should benefit both parties” - said Joerg Wuttke, Chair of the BIAC China Task Force.
The BIAC China Task Force regularly highlights the importance of strengthening rule of law and creating a level playing field for all companies in China, whether foreign or domestic, private or state-owned.
The OECD, a world-leader in policy tools, analysis, and advice on economic governance, is well placed to advise China on its reform agenda. OECD instruments, such as the Guidelines for Multinational Enterprises and the Anti-Bribery Convention, will be especially useful for Chinese companies investing overseas that face both the complexities and expectations of global markets.
Press-release at the official OECD web-site
Press-release at the official BIAC web-site