Argentina, a step closer to joining the OECD

By Estudio Chaloupka

Argentina’s bid to be a member of the Organization for Economic Co-operation and Development (OECD) is at a point of great progress, according to the Minister of the Treasury, Nicolás Dujovne. "Argentina today enjoys consensus of all the members to be invited. There is a ongoing negotiation that exceeds Argentina, but pour goal is becoming closer and closer and we feel that it is at a point of great progress”, Dujovne said during the 2018 G20 Buenos Aires summit, which was held on 30 November and 1 December.

With 36 members, the OECD origins date back to 1960, when 18 European countries plus the United States and Canada joined forces to create an organization dedicated to economic development. Its current members span the globe and include the world’s most advanced countries and emerging ones like Chile and Mexico, currently the only two Latin American countries part of the organization. 

Since Mauricio Macri was appointed President in December 2015, Argentina has reinforce its efforts to be a member of the OECD, a bid that needs to go through several evaluation committees.

Currently Argentina participates in the substantive work of many of the OECD’s specialized committees and has adhered to selected OECD legal instruments. As a G20 country, together with Mexico and Brazil, Argentina benefits from the broad OECD-G20 agenda and participates in the development of standards for better global governance. In this context, Argentina has recently strengthened its co-operation with the OECD via a tailored 2016-2017 Action Plan, which will mobilize OECD support for Argentina’s key reform priorities across 16 policy areas.