The Organization for Economic Cooperation and Development (OECD) said Wednesday its Council will make a decision in September on whether to move ahead with Brazil’s petition for membership. They are also considering applications of Argentina, Peru, Croatia, Bulgaria and Romania. In a brief statement, the organization said it will decide in September on Brazil’s petition and petitions from five other countries. A favorable decision by the Council would be merely a first step in a process that can take three to five years before obtaining full membership in the organization. Earlier Wednesday, an organization source said Brazil was the most likely to gain admission because it is seen as “a key partner” in trade, investment and other areas. Membership in the organization is conditioned on meeting a number of criteria related to taxation, investment flows, trade and other variables.
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