Euro Impact on Gold, USD ... Message Board

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Gold/Mining/Energy : Euro Impact on Gold, USD ...

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To: banco$ who wrote (100)	12/7/1998 8:30:00 PM
From: banco$	of 289

Paris, December 5 "OECD Suspends Talks on Investment Treaty" (the MAI) Bloomberg News PARIS - Negotiations on a treaty setting rules for international investment have been suspended after four years marked by protests from environmental activists, unions and governments, the Organization for Economic Cooperation and Development said Friday. The suspension was decided at a meeting of trade officials from some of the organization's 29 members Thursday, the organization said. The end of the talks on the so-called Multilateral Agreement on Investment had been expected since France and then Australia pulled out, saying the proposed draft treaty gave too much power to corporations at the expense of governments. ''Negotiations on the MAI are no longer taking place,'' the organization said. The Paris-based agency coordinates policy among the world's most developed economies. Officials of the organization agreed they would continue to discuss setting some rules on protecting overseas investment but would not be attempting anything as ambitious as the proposed Multilateral Agreement. No special meetings will be set for those talks, they said. (International Herald Tribune)

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