ACFTU/OECD-TUAC Seminar

A seminar co-hosted by the ACFTU and OECD-TUAC took place from May 25-27 in Beijing.

Highlighting the sustainable development of multinational corporations and the role of trade union, the seminar sought to push forward with China’s initiatives to build a Silk Road Economic Belt and 21st Century Maritime Silk Road, regulate the behavior of multinational corporations, safeguard workers’ rights and promote sustainable growth.

Over the past three decades since the country opened its door to the outside world, China’s economy has witnessed a momentous shift from "bringing in” to “go global” and there has been a rapid rise in the number of Chinese  multinational corporations operating overseas. In 2014, 100 enterprises from Mainland China entered the rank of the global 500. By the end of 2014, China had set up 25,400 enterprises outside its territory, with total assets exceeding $ 3 trillion and total direct investment hitting $ 660 billion.

With China implementing the strategy of One Belt, One Road, more and more Chinese enterprises are going global and setting out to integrate into local economies and societies. Thus helping Chinese enterprises build harmonious labour relations with local workers and realize sustainable development has become an important task facing Chinese enterprises and trade unions.

The seminar played a positive role in helping Chinese enterprises to have a better understanding of international rules and in encouraging trade unions to safeguard the rights of workers in multinational corporations. It also offered OECD members an opportunity to learn the experience Chinese trade unions had gained in promoting enterprise development in a healthy manner and better fulfilling their social responsibilities.

The seminar attracted many participants, including experts from China’s Ministry of Commerce, representatives from Chinese enterprises operating overseas as well as Chinese trade union and OECD leaders.

  Source: ACFTU  2015-05-28

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