Argentina will sign its accession to the Organization for Economic Cooperation and Development

Argentina will sign next Monday to join the Organization for Economic Co-operation and Development (OECD), Javier Miley’s new Foreign Minister Diana Mondino confirmed.

With this announcement, and after refusing to join the BRICS group (the bloc consisting of Brazil, Russia, India, China and South Africa), the current government sets one of the goals it set in its foreign policy and resumes the process it had begun before. It began during the era of Mauricio Macri.

In the government of Alberto Fernández, entry was temporarily suspended. Now it has been resumed and as of December 11 the entry will be signed.

What is the Organization for Economic Cooperation and Development and what is its function?

The organization aims to promote policies that improve the social and economic well-being of the world’s population.

It is a forum where governments can work together to exchange experiences and seek solutions to common problems.

The organization has an open nature and allows the participation of third countries in its committees, working groups and forums.

Who makes up the OECD?

Participation is organized and takes place into three categories: guests, participants, and associates, according to the degree of participation from least to greatest, and with payment of fees in the last two cases.

The OECD currently has 38 countries, of which 20 are founding countries – including Spain – and the rest joined successively starting with Japan (1964), Finland (1969), Australia (1971), New Zealand (1973), Mexico (1994), and the Czech Republic. (1995), Korea, Hungary, and Poland (1996), the Slovak Republic (2000), Chile, Estonia, Slovenia, and Israel (2010), Latvia (2016), Lithuania and Colombia (2018), and Costa Rica (2021).

The European Union has observer status in the Council and has a voice, but does not have the right to vote.