Which Latin American countries are part of the OECD?

The Organization for Economic Co-operation and Development (OECD) is a forum of 36 member countries, primarily located in Europe and North America. It was founded in 1961 with the signing of the Convention on the Organisation for Economic Co-operation and Development in Paris, France. Overall, the organization’s primary objective is to promote economic growth, prosperity, and sustainable development in its member countries worldwide.

Originally the OECD was established to coordinate and administer the Marshall Plan for post-World War II reconstruction and development. However, it has since evolved into a global forum for policy analysis, advice, and cooperation on a wide range of economic, social, and environmental issues.

Which Latin American countries are part of the OECD?

Since its foundation, countries all around the world have expressed interest in becoming part of the OECD. However, in Latin America, as of 2023, only a couple have accomplished their goals. These are the Latin American countries that currently hold membership:

Chile: As a member of the OECD since 2010, Chile has been able to access the organization’s resources and expertise to improve its economic performance and governance. Additionally, membership has given Chile greater access to global markets. This has served as a platform for the country to engage with other OECD member nations.
Mexico: Mexico joined the OECD in 1994 and has been able to take advantage of the organization’s resources and expertise to improve its economic performance and governance. Additionally, membership has given Mexico greater access to global markets and has served as a platform for the country to engage with other OECD member nations.
Colombia: Colombia became a member of the OECD in 2020. It is expected that the country will benefit from the organization’s resources and expertise to improve its economic performance and governance.
Costa Rica: Costa Rica is also a member of the Organization for Economic Co-operation and Development (OECD). Costa Rica joined the organization in 2010.

There are currently no other Latin American countries that are members of the OECD. However, some countries in the region have expressed interest in joining the organization. These include:

Peru: Peru has been in the process of accession to the OECD since 2018. It is expected that the country will become a member in the near future.
Argentina: Argentina has also expressed interest in joining the OECD, and it is currently in the process of being evaluated for membership.

What are the benefits of being part of the OECD?

Membership in the OECD provides a number of advantages for businesses and entrepreneurs in these countries. These include:

Access to a network of like-minded countries that can provide support and share best practices.
Access to the organization’s resources and expertise can help businesses and entrepreneurs improve their operations and performance.
Opportunities to engage with other OECD member countries, which can help businesses and entrepreneurs expand their reach and access new markets.
The ability to participate in the organization’s policy-making process can help businesses and entrepreneurs shape the economic and regulatory environment in which they operate.

Overall, membership in the OECD can provide significant benefits for businesses and entrepreneurs in Latin American countries. By joining, these countries have access to the knowledge, expertise, and network to improve their economic performance and governance. This allows them to increase their access to global markets and engage with other OECD member nations.

Get Assistance from Easyco Experts!

Latin America is perfect to expand your business! You can get in touch with us to ensure you register your company correctly and comply with all local laws and regulations. Our team of experts will make the company registration process easy for you!

At Easyco, we make company formation in Latin America easy. Our corporate experts have vast experience helping companies and individuals register their businesses, with a proven track record of success across all our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in South America today!