28 May 1987

17th plenary meeting

Code of conduct on transnational corporations

The Economic and Social Council,

Recalling its decision 1987/106 of 6 February 1987,

Reiterating the importance of an expeditious finalization of the code of conduct on transnational corporations,

Reiterating also that the special session of the Commission on Transnational Corporations is the proper forum for the negotiations on the code of conduct,

1. Decides that the special session of the Commission on Transnational Corporations should be reconvened at the earliest possible time and that a decision regarding its date should be taken not later than the organizational session of the Economic and Social Council for 1988 in the light of the results of the consultations to be held for the preparation of the reconvened special session;

2. Requests the Chairman of the special session, together with the Bureau of the special session and the Secretary-General, to hold intensive consultations with the aim of preparing a draft code of conduct on transnational corporations for the reconvened special session of the Commission, taking into account the existing drafts;

3. Requests member States to put forward, if appropriate, in the course of the consultations, concrete formulations aimed at resolving the outstanding issues in the code of conduct.