International

Invitation to Brazil to join the OECD is a fundamental step for economic growth

Approval of Brazil as a candidate for membership of the Organization demonstrates national commitment to improving the business environment

T&B Petroleum/Agência CNI de Notícias
28/01/2022 18:34
Invitation to Brazil to join the OECD is a fundamental step for economic growth Imagem: Divulgation Visualizações: 2600 (0) (0) (0) (0)

The approval by the Council of Ministers of the Organization for Economic Cooperation and Development (OECD) of the start of negotiations for Brazil's accession to the group is a recognition of the country's effort to align itself with international best practices and to make changes to improve the environment. Brazilian business.


The country's entry into the organization will attract more investment in strategic areas and expand the integration of the Brazilian economy.


 

“This is an extremely important step for the Brazilian productive sector. I am sure that the negotiation process will bring many benefits to Brazil and will serve as an impetus for us to leverage important reforms, which will increase the competitiveness of the industry and promote more sustainable growth in the country”, says the president of the National Confederation of Industry (CNI). ), Robson Braga de Andrade.


Brazil has been considered a key partner of the OECD since 2012 and formally requested to be part of the group in 2017.


Candidate country most in line with the Organization's legal instruments, Brazil adhered to 103 out of 251 OECD instruments, according to the monitoring panel prepared by the CNI.


Brazil is also the country most engaged with the organization's Committees and working groups, integrating discussions in more than 30 instances.


To continue the accession process, the OECD will present an assessment roadmap for aligning Brazilian policies and legislation with the organization's standards.


The president of the CNI reinforced the willingness of the Brazilian industry to promote this agenda.


“We are interested in contributing.


We have been actively working on the OECD agenda since 2018 and Brazilian entrepreneurs have already understood the relevance of participating in the discussions.”


The CNI participates, as an observer, in the Business at OECD, an entity that brings together the institutions representing the private sector of the OECD member countries.


Business at OECD brings the voice of the private sector to the OECD and has access to high-level meetings, forums and discussions on topics that impact business around the world.


In 2018, the Confederation started actions to mobilize and raise awareness among Brazilian companies and associations of the importance of this agenda.


In 2021, the publication of thematic booklets on the importance of the organization's standards for Brazil in areas such as infrastructure, innovation, corporate governance and sustainability began.

 

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