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Croatia takes first steps to OECD membership

Croatia takes first steps to OECD membership

Croatia takes first steps to OECD membership

ZAGREB, 27 Jan (Hina) – The Organisation for Economic Co-operation and Development said on Tuesday it had opened accession discussions with Croatia, Brazil, Argentina, Peru, Romania, and Bulgaria. 

“There is no deadline for completion of the accession processes. The outcome and timeline depend on each candidate country’s capacity to adapt and adjust to align with the Organisation’s standards and best practices,” the OECD said.

The process will include an in-depth evaluation by more than 20 technical committees of the candidates’ alignment with OECD standards, policies and practices.

“Croatia is ready to start OECD membership negotiations. Besides the Schengen Area and eurozone, our priority is OECD membership whereby we will strengthen our economy and Croatia’s international standing and influence,” Prime Minister Andrej Plenković said on Twitter.

The OECD’s main values are individual liberty, democracy, the rule of law, the protection of human rights, and open, trading, competitive, sustainable and transparent market economies. The OECD also promotes sustainable and inclusive economic growth and climate change.

OECD Secretary-General Mathias Cormann pointed out that “candidate countries will be able to use the accession process to promote further reforms for the benefit of their people, while also strengthening the OECD as a like-minded community committed to a rules-based international order.”

The technical reviews will focus on open trade and investment, public governance, anti-corruption efforts and the effective protection of the environment and climate.

Once all the technical committees have completed their reviews, a final decision will be taken by unanimity of all OECD member countries.

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