Brazilian Economy Minister says Brazil needs only 45 requirements left to join the OECD

On Thursday, October 20, at a meeting of the National Confederation of Trade, Goods, and Services (CNC), the Brazilian Minister of Economy, Paulo Guedes, said that of the 230 requirements for the accession process to the Organization for Economic Cooperation and Development (OECD), Brazil has only 45 pending.

According to Guedes, Brazil has already had 108 requirements accepted, and the organization is analyzing another 77.

“Only 45 are missing. Brazil is far ahead of other countries,” said the minister, who took advantage of the event to highlight, once again, the country’s detachment from other economies.

AMAZON FUND

At the beginning of this month, the government delivered the memorandum to become a member of the “rich countries club”.

Despite the optimism of Guedes, the environmental aspect may be one of the main obstacles for the countries that make up the block, given Brazil’s negative image on environmental issues, a central theme in Europe.

According to UOL, the secretive documentation of more than a thousand pages about the laws and national policies in dozens of sectors omits and distorts information about the reality of deforestation and environmental preservation in Brazil.

The report cites that the information delivered by the government even includes the Amazon Fund in the list of measures adopted to prove that the country complies with the institution’s requirements.

However, the investment was buried by President Jair Bolsonaro (Liberal Party – PL, right) in his first year in office, opening a diplomatic crisis with Norway and Germany.

Brazil is one of six candidates to start the process of joining the organization this year.

Brazil submitted its application in May 2017. Joining the group is one of the priorities of Bolsonaro’s government, constantly reinforced by Guedes’ economic team.

The country waited five years until it received the invitation letter in June this year to begin negotiations on the conditions for becoming a member.

With information from Correio Braziliense

More: Brazil news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error