22 May 1989

12th plenary meeting

Code of conduct on transnational corporations

The Economic and Social Council,

Noting the reports of the Secretary-General on a code of conduct on transnational corporations and on international arrangements and agreements related to transnational corporations,

Reiterating that the special session of the Commission on Transnational Corporations continues to be the competent and authoritative body of the United Nations for negotiating the code of conduct on transnational corporations,

Reaffirming the need to finalize the code of conduct on transnational corporations as soon as possible,

Taking into account the comments on the subject made by delegations during the fifteenth session of the Commission,

Requests the Chairman of the special session of the Commission on Transnational Corporations, in co-ordination with the Executive Director of the United Nations Centre on Transnational Corporations, to intensify consultations on the code of conduct on transnational corporations, with a view to resuming negotiations on the code in the context of the special session of the Commission on Transnational Corporations, possibly no later than the end of 1990.