USCIB and Baker McKenzie co-hosted an informational webinar on December 6 regarding Brazil and Peru’s accessions to the OECD. Approximately 140 private sector attendees, including USCIB members, participated in the meeting. USCIB Director for Trade, Investment and China Alice Slayton Clark outlined the OECD accession timeline, including roadmaps, initial memorandum, technical review and political assessment.
She also informed industry that the accession process provides a unique opportunity for leveraging business interests. The OECD will be undertaking a rigorous assessment of the candidate country’s alignment with the relevant OECD instruments, policies and practices as well as with other rules, standards and benchmarks such as WTO agreements and other international conventions.
“This offers an excellent opportunity for companies to resolve a range of current business concerns with these candidate countries,” and USCIB is in an excellent position to help, Clark stressed. “As a member of Business at OECD (BIAC), we’re uniquely able to influence the committees, staff and delegations at the OECD who are undertaking the OECD accession reviews.”
Attorneys from Baker McKenzie Peru and Trench Rossi Watanabe* in Brazil also gave an analysis of the current political landscape in both countries with a focus on the developments or changes that are needed to achieve accession to the OECD, specifically related to trade and tax matters.
Be sure to check out USCIB’s new webpage on OECD accession, providing members with latest information, including accession events, background papers and advocacy documents.