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United States reaffirms support for Brazil's entry into OECD

by Ace Damon
United States reaffirms support for Brazil's entry into OECD

President Donald Trump said on Twitter late Thursday that the joint statement with President Jair Bolsonaro signed in March makes it "absolutely clear that I support Brazil in starting the process of becoming a full member of the OECD."

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"The United States upholds the statement and supports @jairbolsonaro. This article is Fake News!" Trump added of an earlier Bloomberg article that said the US did not support Brazil's entry into the OECD.

Earlier, the US Embassy in Brazil issued a note to reaffirm the country's support for Brazil's entry into the Organization for Economic Cooperation and Development (OECD).

"The joint statement of 19 March by President (Donald) Trump and President (Jair) Bolsonaro clearly stated support for Brazil to begin the process of becoming a full member of the OECD and welcomed Brazil's continued efforts towards reforms. economic, best practice and compliance with OECD standards. We continue to maintain this statement, "the statement said.

US Secretary of State Mike Pompeo also reaffirmed that the United States "fully supports that Brazil begins the process of becoming a full member of the OECD."

"The leaked letter does not accurately represent the US position on OECD expansion. We are enthusiastic supporters of Brazil's entry into this important institution and the United States will make a great effort to support Brazil's membership," Pompeo added via Twitter. .

The US embassy says the US government supports OECD expansion, but at a "controlled pace", and advocates pressure for reform in countries wishing to join the group. "We support OECD expansion at a controlled pace that takes into account the need to put pressure on governance reforms and succession planning."

"We will continue to work with other OECD members to find a way for the OECD to expand. All 36 OECD member countries must agree, by consensus, on the timetable and order of invitations to initiate the OECD accession process." continues the note.

A Bloomberg report on Thursday said the US government had declined to support Brazil's entry into the OECD, based on a letter in which US Secretary of State Mike Pompeo rejects a request to discuss expanding the OECD. club of the richest countries. Pompeo also said in the letter that Washington supported only the candidacies of Argentina and Romania.

Brazil's lack of citation came as a surprise here, as President Donald Trump had promised to support Brazil's joining the bloc, intended by President Jair Bolsonaro.

Supporting "Clear Position"

The Assistant Secretary General of the Organization for Economic Cooperation and Development (OECD), Ludger Schuknecht, sought to soften the news about a possible lack of US support for Brazil's entry into the economic group. "The US has a clear position to support Brazil's entry into the OECD. I have no information on a change in that position," he told reporters after attending the 2019 Brazil Investment Forum.

Asked whether he was aware of Pompeo's letter, Schuknecht merely said that the US position was clear and that there was no change in that stance. The executive also said that Brazil is the most advanced key partner of the OECD. He recalled that the country has already met several standards required by the economic group and has also participated in many committees within the organization.

Despite the positive citations, he avoided giving a deadline for Brazil to join the OECD. "We look forward to Brazil joining, but the political process needs to be finalized," he said, referring to the decision-making process by OECD member countries. "Brazil is on the right track to be part of the group," emphasized Schuknecht.

He commented that there are other countries already formally in line for entry, including Argentina, Peru, Romania, Bulgaria and Croatia, as well as others whose process is even more incipient, such as Colombia and Costa Rica. The OECD has 36 nations today. The organization works for its members to adopt convergent standards in business, financial, environmental and social matters, which facilitates the transit of investments in each of the economies.

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