Economy

OECD opens membership negotiations with Brazil, Argentina, Peru, and three other countries

According to the entity, individual roadmaps will now be established for the detailed evaluation process of each of the candidates.

Headquarters of the Organization for Economic Co-operation and Development in Paris, September 2009. Photo: REUTERS/Charles Platiau/ File Photo

Reuters

25.Jan.2022 18:02 BRT
UPDATED 18:09 BRT

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The Organization for Economic Cooperation and Development (OECD) announced this Tuesday that it has decided to open negotiations with six candidate countries to join the entity, including Brazil, Argentina, and Peru.

The decision came after evaluating the progress made by the six countries since they applied to join the organization, the OECD said in a statement. Bulgaria, Croatia, and Romania complete the list.

“There is no deadline for the completion of the accession processes. The outcome and timing depend on each candidate country’s ability to adapt and adjust to align with the Organization’s standards and best practices,” said the OECD.

The entity highlighted that individual roadmaps will now be established for the detailed assessment process for each of the six countries, which will align terms, conditions, and accession processes that reflect priority areas already identified by the council.

(Translated by LABS)