Argentina agrees to start the process to join the OECD

With great secrecy, taking into account the lack of interest generated by some allies, and the complete rejection of others, the Government responded favorably to the invitation to begin discussing the process of accession of Argentina to the Organization for Economic Cooperation and Development ( OECD), which Mauricio Macri had launched during his presidency and formally required the body that is usually known as “the club of developed countries”.

At the end of January, and six years after Argentina’s formal candidacy was presented to fully join the organization with headquarters in Paris, the Board of Directors formally sent a letter to President Alberto Fernández to communicate the decision to accept the Argentine request, along with other countries in the region that had recently applied.

However, the Frente de Todos diluted any interest in joining the body for which Macri had fought on his first international tour, in January 2016, as soon as he assumed power. In fact, the PRO celebrated as a triumph that the OECD, despite the change in government, decided to continue with the process and confirm the invitation to Argentina.

With total secrecy on the part of the Casa Rosada and the Foreign Ministry, and in response to El Cronista’s query, the OECD indicated that it had received “an initial positive response from Argentina shortly after the Council’s decision.”

The same sources consulted by this medium also detailed that “discussions are being held on the next steps” to follow for a process that will take at least a decade if it is not bogged down by exogenous or endogenous factors, such as the debate not settled within the Government.

Entry into the OECD consists of a series of stages that normally take several years and combine various technical analyzes and political decision by the organization. In the midst of the internal debate and in the face of the opposition to find consensus and approve the agreement for the refinancing of the debt with the IMF, the Executive Branch preferred to cool off any public action on this issue.

gradual process

Early on, the government noted that it is a process of several years and that it implies “deep reforms”, which necessarily require consensus. They noted that the country “is in a particular situation” due to foreign debt. Hence, it was decided to act with caution and study the requirements and policies promoted by the OECD in each of the areas to assess their implications.

The OECD requires its members to demonstrate “the merits of an open market economy based on free trade, competition, sustainability and transparency.”

When the response was sent to the secretary of the organization, the Australian Mathias Cormann, several officials involved interpreted that the cost of giving up the candidacy would be greater than letting the process stall, eventually, later, or obtaining the necessary internal support to continue the process. .

Along with the invitation to Argentina, similar messages were sent to Brazil, Bulgaria, Croatia, Peru and Romania. The other Latin American countries, governed by Jaír Bolsonaro and Pedro Castillo, responded favorably as soon as possible and took it upon themselves to publicize the response.

The invitation extended to Argentina was made to Peru, Brazil, Bulgaria, Romania and Croatia after the virtual veto that the United States exercised over some of the now nominated candidates was unlocked.

Leave a Comment