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14/02/2018 - 13:52hs

Brazil negotiating to enter OECD

The country will step up negotiations to become full member of the Organisation for Economic Co-Operation and Development, with the support of the Brazilian diplomatic representation in Paris, where the organization is located.

Brasília – Brazil will step up negotiations to the country to become a full member of the Organisation for Economic Co-Operation and Development (OECD). While it tries to fulfill the requirements to apply for full membership, starting on March the diplomatic representation will be reinforced in Paris, where OECD and other trade organizations are located.

Ambassador Carlos Márcio Cozendey, the current under-secretary for Economic and Financial Affairs from Brazil’s Ministry of Foreign Affairs (Itamaraty), was appointed as the delegate for the Paris-based international organizations, with the support of a staff. The decision shows Brazil’s interest in becoming a member of OECD.

Formed by 35 full members, OCDE is a forum that focus on the cooperation and exchange of good practices in public policies. The members account for 62% of the global GDP and for two thirds of international trade. Although Brazil has an active participation in the organization’s many forums, only the US, Canada, Mexico and Chile are full members.

*Translated by Sérgio Kakitani

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