August 1, 2021

The OECD formally welcomes Colombia as its 37th member



The Organization for Economic Cooperation and Development (OECD) welcomed Colombia as a member of the organization on Tuesday after an accession process that began in 2013 and made it the 37th partner, the third in Latin America to become part of that good practice club.

“Today, Colombia has formally become a member of the OECD, the 37th country to be part of the Organization in its 60-year history,” it said in a statement.

According to the Paris-based body, Colombia “completed the internal ratification procedures of the OECD Convention and deposited its instrument of accession”, and with this “successfully concludes the accession process.”

The OECD is an international organization that promotes policies to improve the economic and social well-being of the world’s inhabitants, so that governments can work together to share experiences and seek solutions to the economic, social and governance challenges they face.

LONG ACCESSION PROCESS

OECD countries invited Colombia and Latvia on May 30, 2013 to start negotiations with a view to accession, a process that lasted for five years until in 2018 the Andean country met the requirements of the 23 committees that make up that International Organization.

After the signing of the accession agreement, which took place on May 30, 2018 in Paris, pending internal legislation, such as the approval of the Constitutional Court, which took place on October 23, 2019.

The OECD explained that “the accession process has served as a catalyst for Colombia to carry out important reforms to improve the well-being of its inhabitants, such as reducing informality in the labor market, improving quality and relevance of education and training, as well as for the long-term sustainability of the health system. ”

HIGH STANDARDS OF PUBLIC POLICY

“We are very pleased to welcome Colombia as a 37th member of the OECD. Colombia’s accession reaffirms our commitment to unite countries that strive to achieve the highest standards in global public policy to improve the well-being and quality of life of its citizens, “said the body’s secretary general, Ángel Gurría.

According to Gurría, “the accession process gave Colombia the opportunity to debate the main issues and challenges of public policy in a multilateral context and to learn from the experiences of the OECD countries. At the same time, this dialogue enriched the knowledge and the political experience of the OECD. ”

With the accession already completed, Colombia joins Mexico and Chile as the Latin American countries that are part of the OECD, while Costa Rica is in the process of joining.

This organization is integrated, in addition to the three Latin Americans, by Germany, Austria, Australia, Belgium, Canada, South Korea, Denmark, Slovenia, Spain, the United States, Estonia, Finland, France, Greece, Hungary, Ireland, Iceland, Israel , Italy and Japan.

Similarly, Latvia, Lithuania, Luxembourg, the Netherlands, Norway, New Zealand, Poland, Portugal, the United Kingdom, the Czech Republic, the Slovak Republic, Sweden, Switzerland and Turkey.

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