OECD invites Brazil to start accession process

The Council of the Organization for Economic Cooperation and Development (OECD) sent a letter to the Brazilian Government on January 25th that formalizes the beginning of the country’s accession process to the group. The decision was unanimously approved by the representatives of the 38 countries that make up OECD, Slovakia among them. There is no set deadline for completing the process, but it should take at least another three years from now.

Created in 1961 and based in Paris, OECD is an intergovernmental economic organization that encompasses most developed economies in the world, such as the United States, Japan and European Union countries. For the Brazilian Minister of Economy, Mr. Paulo Guedes, the invitation is a recognition of Brazil’s efforts seeking modernization, such as the economic liberalization reforms under discussion in recent years.

On another note, in the political sphere, Brazil has been elected to occupy a non-permanent seat in the United Nations Security Council (UNSC) for the 2022 and 2023 term. The UNSC is the most important body responsible for the maintenance of international peace and security. This is Brazil’s 11th election to the UNSC – only Japan has served on the Council as many terms. Brazil’s frequent participation in the Council is in accordance with the country’s historical ambition to hold a permanent seat in this UN body.

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