Mathias Cormann, Secretary General of the OECD. AFP photo
The Organization for Economic Co-operation and Development (OECD) approved this Friday the roadmap for joining Peru and Brazil, but not the one in Argentinadespite the “positive talks” with this country.
OECD Secretary General Mathias Cormann announced at a press conference in Paris “the formal adoption of the roadmap for accession. Brazil, Bulgaria, Croatia, Peru and Romania“at the end of a meeting of the ministers of the organization that brings together the major economies in the world with democratic regimes.
“Let’s have a warm welcome these countries at the beginning of a positive and transformative process. We are also having positive talks with Argentina on the next steps in the accession process, “added Cormann, without going into detail.
The OECD announced in January the start of talks with these three Latin American and three European countries with a view to the future membership in this 38-member club currently.
The next step was the approval of the roadmap establishing the process and setting the conditions of membership. The OECD will technical exams in areas such as trade, investment, the fight against corruption and climate change.
Four Latin American countries –Chile, Costa Rica, Colombia and Mexico are already part of the organization founded in 1961 and whose partners represent around 80% of world trade and investment.
Membership of the OECD is the flag of the Brazilian Minister of Economy, the ultra-liberal Paulo Guedes, and the roadmap is approved less than four months before the presidential elections in that countryin which Jair Bolsonaro will seek a second term.
Following the announcement of the start of discussions in January, Guedes felt the OECD accession process was “a recognition” that Brazil is “a great country”.
Peruvian President Pedro Castillo also thanked that decision at the time and said his government reiterated “its commitment to OECD values for the benefit of its people.”
Source: AFP
NEITHER
Source: Clarin
