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On Thursday (06/10), the Federal Government informed that it delivered the Brazilian “initial memorandum” as part of the process of Brazil’s entry into the Organization for Economic Cooperation and Development (OECD). The material was sent by letter on the 30 September. The delivery of the document is one of several steps already provided for in the procedure for Brazil to be included in the international organization.
The Initial Memorandum
The memorandum analyzes the degree to which the candidate country’s national laws, policies and practices align with the standards set by the OECD in 32 different areas – including trade, investment, digital economy, health, education, environment, competition, tourism, nuclear energy, among others.
Requirements and Process to Join
To join the OECD, the applicant must adhere to 230 normative instruments. According to the government, the memorandum shows that Brazil has already complied with 108, has applied to join 45 and has not yet started incorporating another 77.
The next step in the process is for the OECD to initiate “technical reviews”, which include missions, questionnaires, interviews and technical visits in order to clarify specific points and deepen the examination of the information presented by the Brazilian Federal Government in the initial memorandum.
