E-book “Brazil on its way to the OECD: exploring new challenges”, February 2020

In August 2017, the School of Economics of FGV (FGV EESP), Center on Global Trade and Investments (CCGI) launched a research group to study the costs and opportunities of the accession of Brazil to the OECD.

Vera Thorstensen leads this group. Vera is a professor at FGV School of Economics (FGV EESP) and Head of the Center on Global Trade and Investments.

About the e-book “Brazil on its way to the OECD: exploring new challenges”:

Brazil's accession to the OECD is, perhaps, the main news in terms of foreign policy in this decade. The process is long and will require a lot of effort so that the country can adapt to the OECD regulatory acquis, that is, a set of instruments which deal with the most varied subjects ranging from the environment, guidelines for multinationals, tax, finance and capital flow.

Brazil's participation in the multilateral scenario has always been very active, participating as as founding member of several institutions that are pillars of the international system, such as the United Nations (UN), the International Monetary Fund (IMF), the World Bank and, of course, the World Trade Organization (WTO). In addition to these, Brazil always engaged in regional initiatives and in the strengthening of international cooperation in several areas.

This reveals that Brazil's entry into the OECD does not mean a radical change in its tradition of cooperating with the world and seeking, within its capabilities, the best practices on commercial, regulatory and diplomatic issues.

Therefore, joining the OECD is something to be praised. However, it is not possible to set aside the examination of the guidelines and legal instruments that the organization presents as minimum criteria requirements for the entry of any new member.

Enjoy the reading!

(In Portuguese)

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