text: identification ofindustrial projects whichmay beofinterest toinvestors undertheMIEsregime, andguidelines onnegotiations ontheestablishment of jointventures. 4.UNCTAD: jointventures 42.Inaccordance withtheworkprogramme approved bytheUNCTAD Committee on Economic Co-operation amongDeveloping Countries atitsthirdandfifth sessions (resolutions 2(III)(a)(ii»and4(v),para.4(b)(ii»,the UNCTADSecretariat initiated aseriesofpublications whosepurpose hasbeen todescribe andcompile theregulations concerning foreign investments in developing countries. Atpresent threevolumes havebeenpublished relating toregulations ofAfrican countries (UNCTAD/ST/ECDC/30, UNCTAD/ST/ECDC/30/Add.l, UNCTAD/ST/ECDC/30 (PartII»,onevolumerelating to regulations ofAsiancountries (UNCTAD/ST/ECDC/43 (PartI»andanother relating toregulations ofArabCountries (UNCTAD/ST/ECDC/42 (PartI». Subsequently thisstudywillbeextended toinclude theLatinAmerican and Caribbean region. TheUNCTADSecretariat ispreparing astudyontheimpact ofexisting foreign investment lawsandregulations indeveloping countries on theflowofforeign investment tothesecountries andisorganizing anexpert groupmeeting inordertoanalyse thefindings ofthestudies onforeign investment regulations andtheimpactofthoseregulations indeveloping countries andformulate recommendations toexpandinvestments tothose countries. 43.TheUNCTADSecretariat hasbeenundertaking studies oninstitutional and legalaspects relating tothepromotion ofmultilateral andjointventures amongdeveloping countries suchas:"Juridical aspects oftheestablishment ofmultinational enterprises" (TD/B/C.7/28.Rev.l); "LatinAmerican multinational enterprises: ananalytical compendium" (TD/B/C.7/50); and "South-Saharan African multinational enterprises" (UNCTAD/ECDC/20l). 5.CMEA:iointventures 44.TheCMEA'sStanding Commission onLegalMatters isengaged inthe preparation ofinformation andreference materials onthelegislation of individual countries inrespect ofthelegalregulation ofthearrangements for,andtheoperation of,directproduction andscientific andtechnical linksamongenterprises andorganizations ofStatesmembers ofCMEAand Yugoslavia, andonthelegalrulesregulating matters relating tothe establishment andoperation oftheirjointventures, associations and organizations. IV.TRANSNATIONAL CORPORATIONS A.CTC:draftCodeofConduct onTransnational Corporations 45.Work on thedraftCodeofConduct onTransnational Corporations being carried outbytheCentreonTransnational Corporations (CTC)reported onin theprevious report(A/CN.9/324, paras.49and50)iscontinuing.• •• •A/CN.9/336 English Page2l 46.Underthesponsorship oftheInternational LawAssociation's Committee on theLegalAspects oftheNew.International Economic Order, andtheCentreon Transnational Corporations, agroupofprominent international lawyers from diverse national andlegalbackgrounds participated inasymposium onthe current statusofthedraftUnitedNations CodeofConduct onTransnational Corporations. The Symposium was heldinSeptember 1989attheHague. The focusofattention was ontheoutstanding issuesinthenegotiations forthe CodeofConduct, although theparticipants alsoaddressed theneedforsucha codeandtheprospects foritsfinalization. 47.Theoutstanding issuesintheCodeofConduct haveimportant implications forinternational law,andtheprincipal objective oftheSymposium was to invitedistinguished andexperienced international lawyers toreviewthese issues, thedivergent positions ofthenegotiating parties andthevarious formulations withaviewtomakinganoverall assessment astowhether the basicapproach oftheCTCintheformulation ofthevarious provisions was feasible orotherwise flawedontechnical grounds. Theparticipants foundno fundamental technical flawinthebasicapproach oftheCommission on Transnational Corporations astotheoutstanding issues. Theessential format oftheprovisions oftheoutstanding issueswasconsidered feasible. The outstanding issuesinthisregardare:1.Thequestion ofareference to international law/international obligations, 2.non-interference innational
analysis: The text appears to be focused on international economic cooperation, trade, and investment, with a specific emphasis on the promotion of foreign investment and joint ventures in developing countries. It discusses various international organizations and their efforts to establish guidelines and regulations for foreign investment and transnational corporations. The text also touches on the legal aspects of international business and the need for a code of conduct for transnational corporations.