Costa Rica: OECD Requirements Welcomed

The roadmap to be followed by the country for entry into the block, has renewed hopes of businessmen for modernization, fiscal discipline, competitiveness, transparency and legal certainty.

Thursday, July 16, 2015

Following the adoption by the Organization for Economic Cooperation and Development (OECD) of the roadmap to be followed by Costa Rica to be accepted as part of the block, reports that "...As the first step of the program, Costa Rica must submit an initial memorandum which establishes its position regarding 250 legal instruments of the OECD. Following this, experts from the organization will carry out technical reviews and collect information through questionnaires and official visits to the country. "

Although this is only the first step on a long road, the business sector welcomes the adoption of the program because of the benefits that accession to the bloc will bring to the country's public policies, competitiveness and fiscal transparency.

José Manuel Quirce, president of the Costa Rican Chamber of Importers (Crecex) commented that ".. "It is excellent news that the way is open for the incorporation of Costa Rica into the OECD. The process must be accompanied by government policies and best practices to help improve the country's competitiveness. Membership in this organization is very positive for economic development and employment generation. '"

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