Brazil’s entry into OECD is debated at Stanford
Bruno Salama, professor at Sao Paulo Law School (FGV Direito SP), participated in the International Law Symposium organized by the Stanford Journal, under the theme ‘Changes and Challenges: Current Issues of International Trade Policies’. Salama spoke about the topic ‘Brazil’s entry into the OECD: what is at stake for Brazil and the United States?’ The meeting was held on May 5.
The professor’s presentation resumes the debate surrounding Brazil’s request to join the Organization for Economic Cooperation and Development (OECD) made in mid-2017, whose review process was suspended by the USA, despite support from bureaucracy and other OECD members.
The country’s entry into the OECD would be a major flag for international investors, especially after the reduction of Brazil’s investment grade and the unstable economic climate. “Joining the OECD can also strengthen the country’s commitment with economic policy reforms”, said the professor.
Salama also argues that Brazil’s entry into the OECD has a strategic aspect to it, since the United States would not be able to shape the international economy working with a variety of countries. “The space vacated by the United States could be occupied by China”, said the professor.