In 1995,the OECD initiated talks to draft a multilateral agreement on investment that legalized discrimination against foreign investors by signatory states.

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In an attempt to make some progress on the issue of FDI liberalization,the OECD in 1995 initiated talks between its members to draft a multilateral agreement on investment (MAI)that would make it illegal for signatory states to discriminate against foreign investors.This would liberalize rules governing FDI between OECD states.

In 1995,the OECD Initiated Talks to Draft a Multilateral Agreement