Business Services Industry
EGYPT: OBG: EGYPT FIRST ARAB, AFRICAN COUNTRY TO JOIN OECD.
IPR Strategic Business Information Database, July, 2007
Egypt is the first Arab as well as the first African country to sign the Organisation for Economic Cooperation and Development (OECD) Declaration on International Investment and Multinational Enterprises, read a statement by Oxford Business Group (OBG). The declaration, which was signed by the original OECD member states in 1976, has since been joined by outside nations; predominantly from South America and Eastern Europe.
Signing it signals a policy commitment to improving the investment climate in the country and encouraging further participation from multinationals in the growth of the economy. A new OECD report on Egypt entitled "Investment Policy Review of Egypt 2007" due for full release in September highlighted the rapid growth in foreign direct investment...
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