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A mutually beneficial relationship

 

Costa Rica is currently in the accession process with the OECD. On 9 April 2015, OECD member countries agreed during a meeting of the OECD Council, the Organisation’s governing body, to open membership discussions with Costa Rica.

In this context, Costa Rica participates in the substantive work of many of the OECD’s specialised Committees. Costa Rica prepared an Action Plan which states its commitment to adhere to OECD instruments, participate in OECD Committees and conduct selected policy reviews.

To co-ordinate the relationship, the OECD’s Global Relations Secretariat develops and oversees the strategic orientation of this relationship and ensures that the dialogue remains focused and forward-looking.

This results in a mutually beneficial relationship. The review and evaluation procedure allows for the sharing of OECD standards and good practices with Costa Rican authorities, and the identification of areas for future reforms. Costa Rica values the opportunity to discuss major policy issues and challenges in a multilateral context and to learn from the experiences of OECD countries facing similar challenges in many areas. In turn, this dialogue enriches the OECD’s knowledge and policy advice, and benefits OECD members and non-OECD economies by enabling them to acquire a better understanding of Costa Rica.

 

XXIV Ibero-American Summit  

"We are committed to ensuring the effective implementation of our Action Plan, which is indeed an ambitious instrument that entails a wide range of commitments in terms of participation in OECD bodies, adherence to an important array of legal instruments, and the commitment to carry out a series of policy reviews. Twenty seven ministries and public institutions are responsible for the implementation of this Plan, showing the strong commitment towards this objective. We are convinced that this will move us closer to the standards and best practices of the OECD. We also celebrate with deep enthusiasm the launch of the OECD Latin America and the Caribbean Regional Programme. We are convinced that this important initiative will contribute to closer ties between the OECD and the Latin American region and serve as a guide for the adoption and implementation of practices and policies that contribute to transform the region into a more transparent, prosperous and inclusive society. Costa Rica is committed to working closely with the Organisation and serving as a platform for the successful implementation of this Programme in Central America and the Caribbean.”

 

Luis Guillermo Solís, President of Costa Rica

 

 

 

Costa Rica's participation in OECD Bodies

Costa Rica is an Associate in two OECD Bodies and a Participant in ten, as well as being a member of the Global Forum on Transparency and Exchange of Information for Tax Purposes and the OECD Development Centre. It has also adhered to 13 OECD legal instruments. Costa Rica also participates in various OECD flagship publications, such as the Latin American Economic Outlook, Government at a Glance in Latin America, Pensions at a Glance in Latin America, and Revenue Statistics in Latin America; and has also been the subject of specific policy reviews on the topics of public governance, education and skills, investment, competition law and policy, and transparency and exchange of information for tax purposes, to name only a sample. 

Costa Rica’s official statistical data is also included in various OECD datasets, such as PISA; Revenue Statistics; international migration; patent statistics; environmental data; pension monitoring; business registers; and health expenditure and financing.

Costa Rica participates in ten OECD-LAC Regional Forums and Networks, and will host the 15th LAC Corporate Governance Roundtable from 8-9 September 2016.


Latest OECD publications on Costa Rica

 Cover CR Innovation Policies

OECD Reviews on Innovation Policy: Costa Rica 2017

Costa Rica’s successful economic performance and social achievements realised over the last three decades are widely acknowledged. GDP per capita has steadily increased at higher rates than in most Latin American countries as the economy has evolved along its development path from a rural and agriculture-based to a more diversified economy integrated in global value chains. But Costa Rica faces challenges and must enhance and broaden the basis for productivity growth by strengthening its innovation system and enhancing the role of science, technology and innovation in addressing its national development goals.

To find the executive summary of this publication click here

 

Additional Recent Reviews of Costa Rica:

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