Draft Intervention from the floor on Panel I: Overview of the social, economic and environmental impacts related to transnational corporations and human rights, and their legal challenges

Author: International Organisation of Employers, Published on: 24 October 2016

...The overall impact of global trade and investment is good and it is for this reason that governments and states are trying to attract investments and to bring their countries into global value chains. Trade and investment are not seen as a danger or a challenge, but as a chance for development, decent jobs and inclusive and sustainable growth...

...Decent work challenges and negative environmental impacts in global supply chains or investment projects are not unique to cross border supply chains, but reflect general challenges in the local environment, such as a high prevalence of informality, ineffective governmental inspection, a lack of governance frameworks, high levels of corruption, and ineffective judiciary systems...

...The legal challenge is not that there is a governance gap at international level, but that many countries lack the capacity to effectively implement and enforce their laws. Thus, states must undertake much more and better efforts to ensure [...] that when such abuses occur within their territory and/or jurisdiction, those affected have access to effective remedy...

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