Chile invited to become a member of the OECD

 

15/12/2009 - The OECD today invited Chile to become its second member in Latin America after Mexico. Chile will formally accept this invitation when an Accession Agreement is signed in the presence of Secretary-General Angel Gurría and President Michelle Bachelet on 11 January 2010 in Santiago.

The invitation to Chile to become the Organisation’s 31st member comes at a time when the OECD is expanding its relations with the region. In addition to acknowledging Chile’s efforts to develop its market-based economy, it confirms the OECD’s determination to explore new frontiers to help governments address world economic challenges while championing the highest standards in public policy.

 

    

 Chile invited to become a member of the OECD

Andrés Velasco, Minister of Finance of Chile receives the letter of invitation from Secretary-General Gurría

“For the OECD, the accession of Chile is a great contribution in our drive to expand our global reach and to transform the Organisation into a more plural and inclusive institution that will play an increasingly important role in the global economic architecture,” OECD Secretary-General Angel Gurría said at a ceremony at OECD headquarters in Paris (read the speech in full).

 

“This new membership not only opens a new chapter in the enlargement of the Organisation. It also confirms our global vocation as “the club of countries that promote and foster best practices”,” he added, quoting Chile’s President Bachelet.

 

Chile’s accession to the OECD comes at a moment when governments the world over are looking for new ways to cooperate in order to address global challenges in trade, financial services, the environment and numerous other areas.

 

''As a middle-income South American country, we will bring a new perspective to the OECD’s debate on global economic and social development,” Chilean Finance Minister Andrés Velasco said. “The invitation to join the OECD is a recognition of the successful policies that Chile has been putting in place for the last two decades. We look forward to sharing Chile's recent experiences on issues such as pension reform, bank regulation, counter-cyclical fiscal policy and social equality.”

 

Chile began its path to accession in 2007 as one of five countries, along with Estonia, Israel, the Russian Federation and Slovenia, that were invited by OECD ministers to begin accession talks. In parallel, the OECD has broadened its reach to engage with major emerging economies, including Brazil, China, India, Indonesia and South Africa.

 

“Emerging, developing and advanced economies need to work together to address the global challenges of our time,” Mr. Gurría said, at a meeting of the OECD’s governing Council of ambassadors that formalised the invitation. “We welcome Chile as we continue to reach out to Latin America and to enhance our engagement, in particular, with Brazil. Chile, together with Mexico, will become a key driver of OECD co-operation with this region.”


Watch video about Chile's accession to the OECD

   

 As an OECD member, Chile will participate in all areas of the OECD’s work, from economic and financial policy to education, employment and social affairs.  It will join with other OECD countries to share experiences and best practices, setting new standards and developing new governance mechanisms for its economy and society more broadly.

During two years of accession negotiations, Chile was reviewed by some 20 OECD Committees with respect to OECD instruments, standards and benchmarks. The invitation to take up membership confirms that Chile is taking appropriate steps to reform its economy including in the areas of corporate governance, anti-corruption, and environmental protection. 

 

 

Notes to editors
>> Full details of the Chilean path to OECD accession will be provided on the occasion of the signature of the Accession Agreement in Santiago, Chile, on 11 January 2010.

 

>> Read the speech by the Secretary-General

 

>> For further information on accession can be found at www.oecd.org/accession

 

>> Details of ongoing OECD work with Chile can be found at www.oecd.org/chile.

 

>> A new OECD Economic Survey of Chile will be launched in January (exact date to be confirmed).


For further information, please contact Nicholas Bray, Head of Media, OECD: Nicholas.Bray@oecd.org or + 331 45 24 80 90 or for information about the OECD visit www.oecd.org/aboutoecd

 

 

 

Related Documents

 

Chile signs up as first OECD member in South America

Chile accepts invitation to join the OECD

 

Also Available

Countries list

  • Afghanistan
  • Albania
  • Algeria
  • Andorra
  • Angola
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • Brunei Darussalam
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China (People’s Republic of)
  • Chinese Taipei
  • Colombia
  • Comoros
  • Congo
  • Cook Islands
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Côte d'Ivoire
  • Democratic People's Republic of Korea
  • Democratic Republic of the Congo
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Ethiopia
  • European Union
  • Faeroe Islands
  • Fiji
  • Finland
  • Former Yugoslav Republic of Macedonia (FYROM)
  • France
  • French Guiana
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong, China
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iraq
  • Ireland
  • Islamic Republic of Iran
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Korea
  • Kuwait
  • Kyrgyzstan
  • Lao People's Democratic Republic
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macao (China)
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia (Federated States of)
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • Netherlands Antilles
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestinian Administered Areas
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Romania
  • Russian Federation
  • Rwanda
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Serbia and Montenegro (pre-June 2006)
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovak Republic
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Sudan
  • Spain
  • Sri Lanka
  • Sudan
  • Suriname
  • Swaziland
  • Sweden
  • Switzerland
  • Syrian Arab Republic
  • Tajikistan
  • Tanzania
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States
  • United States Virgin Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Vietnam
  • Virgin Islands (UK)
  • Wallis and Futuna Islands
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe