International Organisation of Employers Oral Statement on different approaches and criteria for the future definition of the scope of the international legally binding instrument
Author: International Organisation of Employers, Published on: 27 October 2016
...[T]o have an effective, international legally binding instrument, which provides full protection, respect and remedy for human rights, it is of fundamental importance that the scope of this treaty should include all business enterprises, which means not only multinational enterprises, but also state-owned enterprises and domestic enterprises. First, the inclusion of State-owned enterprises is important as they represent a significant portion of the world’s economy...Excluding domestic enterprises from the context of this international legally binding instrument will also hinder the goal we are all trying to achieve here...It is in all of our common interest to protect human rights. This interest can only be achieved through providing an extensive definition for the scope of this treaty, which should not only include multinational enterprises but also state-owned and domestic enterprises.