Costa Rica’s accession to the Organization for Economic Co-operation and Development (OECD) would also benefit the rest of Central America.
Some of the benefits for the region include an improvement in the productivity of exporting companies, and the inclusion of the regional external sector.
Alexander Mora, Minister of Foreign Trade, traveled to Guatemala to explain the benefits of joining OECD to the Secretariat of Central American Economic Integration (SIECA), where Costa Rica holds the pro tempore presidency.
The idea is that the cooperation of the OECD is channeled through the Central American economic system.
We are working on a project that will build a SIECA-OECD cooperation mechanism supported by the European Commission. In fact, I am going to Brussels and we hope to talk about the initiatives of this program,”
A proposal will be presented through the OECD to strengthen global value chains in Central America. The adhesion process would serve as a bridge between the organization and the SIECA.
Mora also has an agenda that addresses the facilitation of trade, paperwork and border posts.
A digital regional trading platform is also one of the issues to be addressed to improve the transit of goods. The customs union is also included among the topics.
Carmen Gisela Vergara, general secretary of SIECA, said that
it is crucial to be in constant dialogue with key decision-makers in economic development and trade. This has allowed us to have a greater impact on the path of the region towards more advanced stages of development.”