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Uruguay Explores Closer Ties with OECD, Considers Membership
🇵🇦 Panama /Economy & Trade

Uruguay Explores Closer Ties with OECD, Considers Membership

From TVN Panamá · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • Uruguay is exploring ways to "approach" the Organization for Economic Co-operation and Development (OECD), with accession not ruled out.
  • The country is analyzing the "gaps" between OECD standards and its own policies in areas like competitiveness and public procurement.
  • Uruguay will host an OECD ministerial meeting on productivity, innovation, and artificial intelligence in September.

Uruguay is actively considering pathways to deepen its engagement with the Organization for Economic Co-operation and Development (OECD), including the possibility of eventual accession. Vice Minister of Foreign Affairs Valeria Csukasi confirmed that Uruguay is examining various alternatives to "approach" the OECD, a move that could signify a significant step in the country's integration into global economic governance.

Uruguay is analyzing alternatives, ways to approach the OECD.

— Valeria CsukasiThe Vice Minister of Foreign Affairs confirms Uruguay's interest in engaging more closely with the OECD.

Csukasi indicated that while accession is not being ruled out, it is contingent upon an invitation from the OECD. Currently, Uruguay is undertaking a study to identify discrepancies between OECD standards and its national policies, particularly in sectors such as competitiveness and public procurement. "From there, obviously, we will see how close or how far we can be," she stated, emphasizing a pragmatic approach to potential membership.

No, we do not rule it out.

— Valeria CsukasiThe Vice Minister responds when asked if Uruguay's approach includes accession to the OECD.

This strategic consideration comes as Uruguay prepares to host a key OECD ministerial meeting in September. The event will focus on regional challenges related to productivity, innovation, and the impact of artificial intelligence. The country's proactive stance suggests a desire to align its economic and regulatory frameworks with international best practices, potentially enhancing its attractiveness for investment and its position in global markets.

But this depends on an invitation to join.

— Valeria CsukasiThe Vice Minister clarifies the conditions for Uruguay's potential accession to the OECD.
DistantNews Editorial

Originally published by TVN Panamá in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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