Latin America and the Caribbean is gaining relevance for the Organization for Economic Cooperation and Development, OECD. It is estimated that once Argentina, Peru and Brazil adhere to the body, the aggregate GDP that the region will offer to the body will increase 5%.
For this reason, the OECD officially launched the new strategic framework for Latin America and the Caribbean yesterday. The Action Plan seeks to strengthen economic, political, diplomatic and commercial ties between the agency and Latin America.
The strategic framework seeks to “maximize the value, impact and complementarity of OECD’s work in Latin America.” Increased productivity, promotion of social inclusion, strengthening institutions and governance, as well as environmental sustainability, are the main objectives.
During a press conference of the agency it was revealed that the region is of great importance for the OECD. For example, There are up to 286 accessions to the legal instruments of the OECD by Latin American attached nations.
José Antonio Ardavín, head of the Division for Latin America and the Caribbean of the OECD Global Relations Secretariat, said that “all countries on this part of the continent are the fourth economy of the world, as well as the room in population matters.” “We are increasingly Latin American and this program seeks to maximize the value, impact and complementarity of our work, contributing to the historical challenges of Latin America”added the manager.
The union will seek to face structural problems in Latin America, such as “endemic” growth in economic matters. Adarvín said that the new opportunities with the action plan are born of education, global value chains and geographical and transoceanic corridors. The OECD general secretary, Mathias Cormman, said that the adoption of the strategic framework is a reflection of a growth and strengthening of ties between the OECD and Latin America and the Caribbean. “It is very weight and constitutes a key priority on the organization’s agenda,” he said.
The manager believes that the growth and prosperity potential of Latin America lies in its young and culturally diverse population. Natural resources and biodiversity also closely call the attention of the world.
“The associated countries in Latin America and the Caribbean are playing an increasingly prominent and leadership role, As the fact that Costa Rica has exercised the presidency of the Ministerial Council this year, ”he said.
To implement the strategic framework, an establishment plan based on consultation and cooperation with the region’s partners will be deployed. There will be global summits and processes, as well as economic integration mechanisms. The development of the ALC regional program is expected, which includes ministerial summits and forums; emblematic publications; Regional policy networks; and development cooperation dialogues.
