20180605-法国巴黎银行-OECD_MEMBERSHIP__Benefits_and_case_studies_14页_1mb
报告摘要
Summary of OECD Membership Benefits and Case Studies for Colombia
Core Content
The Organisation for Economic Co-operation and Development (OECD) is an international intergovernmental organisation comprising 37 of the world's most developed economies. It plays a crucial role in setting global standards and principles for economic and development policies, conducting research, and publishing statistics and reports annually.
Colombia has been an affiliated partner of the OECD since the start of the decade and officially initiated the accession process in 2016, achieving full membership status within two years. This membership is seen as a strategic move to enhance its economic and policy frameworks.
Main Benefits of OECD Membership
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Governance and Transparency: The accession process involves meeting OECD technical standards, including tax code sharing, modernising foreign investment codes, and legislation to incentivise competition.
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Confidence and Investment: Full membership can boost confidence in the country's macroeconomic framework and regulatory environment, leading to increased long-term investment, especially foreign investment.
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Policy Making Gains: Membership provides leverage to push for reforms in key areas such as public finance, education, trade, and finance.
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Quality Data: OECD research produces extensive statistics that support internal policy evaluations and structural reforms proposals.
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Seal of Quality for Investors: Membership reaffirms a country's commitment to market-friendly values, enhancing its image and reliability for foreign investors.
Key Reforms and Case Studies
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Mexico: A clear example of a country that benefited from OECD membership. OECD's policy advice played a direct role in Mexico's education, energy, and social security reforms in the early 2010s. Membership also helped liberalise FDI flows and pass pro-investor policies.
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Slovenia (2000): Improved transparency and accountability through OECD's tax and education reforms.
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Latvia (2016): The last country to join the OECD, Latvia cited improved policymaking and potential credit rating gains as reasons for accession.
Future Prospects
Following Colombia's accession, the OECD is currently evaluating the membership applications of Lithuania and Costa Rica. Argentina, Peru, and Brazil are next in line to officially begin the accession process.
Policy and Regulation Support
OECD provides a forum for governments to compare and exchange policy experiences, identify good practices, and promote decisions and recommendations through peer pressure across various policy areas.
Trade and Financial Legislation
OECD membership requires adherence to guidelines and certifications on trade and financial rules and compliance. This can stimulate investment flows in the medium term by increasing the guarantee of the rule of law. For Colombia, this is particularly beneficial given its limited access to global trade circuits.
Transparency, Image, and Reliability
Colombia can leverage the OECD's certificate of best practices to enhance its image and reliability. Membership ensures the proper functioning of institutions, the rule of law, and data accuracy, which are important for attracting foreign investment.
Legal and Regulatory Context
This document is produced by BNP Paribas and is intended for professional clients and eligible counterparties. It is not independent research and may be subject to conflicts of interest. It is a marketing communication and not investment research under MiFID II. The document contains performance data based on back-testing and is not a prospectus or public offering.
United States Disclosures
- Options and ETFs discussed may involve significant risk and are only suitable for sophisticated investors.
- Certain securities may not be registered under U.S. securities laws and are considered "restricted securities."
- BNPP Securities Corp. is responsible for distributing this report to U.S. persons, and transactions must be conducted through BNPPSC unless otherwise authorized.
Legal Notice (Relevant Jurisdictions)
- UK: Communicated by BNPP London Branch, subject to regulation by the ECB, ACPR, and FCA.
- France: Produced and/or distributed by BNPP SA and BNPP Arbitrage, both subject to ECB and ACPR supervision.
- Germany: Distributed by BNPP S.A. Niederlassung Deutschland, subject to ECB and ACPR supervision, with limited supervision by BaFin.
- Ireland: Distributed by BNPP S.A., Dublin Branch, regulated in France.
- Italy: Distributed by BNPP Italian Branch, which is part of the BNPP group.
Team Members
- Marcelo Carvalho: Head of Emerging Markets Research, Latam
- Florecia Vazquez: Argentina and Chile
- Joel Virgen: Chief Economist, Mexico
- Gustavo Arruda: Brazil
- Luiz Eduardo Peixoto: Colombia and Mexico
Contact Information
- Marcelo Carvalho: (55 11) 3841-3418 | marcelo.carvalho@br.bnpparibas.com
- Florecia Vazquez: (54 11) 4875-4363 | florencia.vazquez@ar.bnpparibas.com
- Joel Virgen: (212) 841-3015 | joel.virgenrojano@us.bnpparibas.com
- Gustavo Arruda: (5511)3841-3466 | gustavo.arruda@br.bnpparibas.com
- Luiz Eduardo Peixoto: (55 11) 3841-3494 | luiz.peixoto@br.bnpparibas.com
Additional Information
- Follow BNP Paribas on Twitter: @MCarvalhoEcon
- For more information on the benefits of joining the OECD, click here for a study from 2016.
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