Saturday, June 1, 2013
OECD Begins Accession Talks with Colombia and Latvia; Lithuania and Costa Rica are Also to Be Considered
The Organization for Economic Cooperation and Development (OECD) announced that it will enter into accession discussions with Colombia and Latvia this year. The OECD also announced its intention to begin accession talks with Costa Rica and Lithuania in 2015. Countries seeking OECD membership must demonstrate like-mindedness, or compatibility, with OECD principles, as well as complete technical reviews of various aspects of their economies.
According to the OECD website, its mission is to promote policies that improve the economic and social situation of people around the world. The OECD is an international organization that provides a forum for its member states to come together and share common problems and solutions. It currently has 34 member states, all of which are democracies with market economies from the Americas, Europe and the Pacific Rim.