Decides that the Commission on Transnational Corporations should become a commission of the Trade and Development Board and be renamed the Commission on International Investment and Transnational Corporations;
2
Requeststhe Trade and Development Board to address urgently the question of orienting the programme of work of the Commission on International Investment and Transnational Corporations on the basis of recommendations made by the Commission on Transnational Corporations at its twentieth session that the Board should orient the work in such a way as to attract the attendance of relevant senior public sector officials, whenever possible, as well as private sector representatives, and that the work should include:
a
Promoting the exchange of views and experience among interested Governments, businesses, intergovernmental and non-governmental organizations, trade unions and experts on issues relating to international investment, transnational corporations and the creation of an enabling environment for private sector and enterprise development;
b
Reviewing, and providing guidance to the Secretariat with regard to, its research activities and the provision of information on policies, programmes and developments related to international investment and transnational corporations and the creation of an enabling environment for private sector and enterprise development;
c
Reviewing, and providing guidance to the Secretariat on, technical assistance to Governments interested in developing investment regimes and enabling environments so as to attract more foreign investment and support for enterprise developments, thereby contributing to economic growth and development of host countries;
3
Requeststhe Secretary-General to restore in full the resources of the programme on transnational corporations as originally allocated in the proposed programme budget for the biennium 1994-1995 and in accordance with General Assembly resolution 48/228 A of 23 December 1993;
4
InvitesMember States and interested parties to increase financial support for technical cooperation, consultative and advisory services, training, research and information activities in the field of foreign investment;
5
Decides that the Commission will keep under review the work of the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, whose next session is to be held in Geneva in the first half of 1995;
6
Also decides that the next session of the Commission should be held in Geneva in the first half of 1995.
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