text: control entry, goes on to provide fair and equitable treatment. This (despite the problem of defining exactly what constitutes such treatment) is an absolute standard, and, from the point of view of the trader-investor, a considerable advance on the purely comparative standard of national treatment (or, for that matter, most-favoured-nation treatment). In other words, even if the State in question acts unfairly towards its own investors, the provision requires fair treatment for the foreign investor. The United Nations draft code also includes the national treatment standard: "Subject to national requirements for maintaining public order •.• entities of transnational corporations should be given treatment accorded to domestic enterprises in similar situations". 2_li/ 72. In other respects relevant to trade in services standards, the United Nations draft code is arguably more aposite than the OECD Declaration and Guidelines. For a heavily regulated industry (as are most service industries) transparency with respect to governmental regulation is important. It is useful, for example, for a supplier of transport or communications services to know as much as possible about proposed new regulations and to be able to present a point of view in regard lo such proposed regulations. 73. Transparency is in fact an important aspect of the OECD Guidelines; but \:he Guidelines are applicable to enterprises, not to States. They do not suggest that members (States) should open up the process of considering and issuing new regulations. In contrast, the United Nations draft code stresses "the jmportance of endeavouring to assure the clarity and stability of national policies, laws, regulations and established administrative practices". It also encourages the dissemination of "relevant information concerning decisions of competent I• •• EiC .10/1990/5 English Page 23 administrative bodies". l.Q_/ There is of course great importance in publishing and making readily and widely available regulations which have been promulgated; the 
analysis: The text discusses the standards and guidelines for the treatment of foreign investors and the importance of transparency in governmental regulations, particularly in the context of service industries. It appears to be focused on the relationship between governments and businesses, with an emphasis on international trade and investment.