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Economy

Colombia deserves OECD membership: US Rep

by Hannah Mead April 12, 2013
3K

United States Rep. Ed Royce (R-Calif.) on Wednesday wrote to the White House to express his support for Colombia’s entry to the Organization for Economic Co-operation and Development (OECD).

The Republican congressman claimed that Colombia has made a successful transition from being a “barely functional narco-state” to having a “vibrant economy” and deserves to gain entry to the OECD.

In a letter to the White House, addressed to Deputy National Security Advisor for Economic Affairs, Michael Froman, Ed Royce stated his support of the South American country’s entry into the organization that promotes global economic progress and world trade. In the letter he also emphasized that Colombia “has demonstrated its capacity to be a reliable and valuable associate for international organizations.”

The congressman said that Colombia’s presence among the select group of 34 countries, most of which are wealthy, would bring benefits to the multilateral organization.

“[Colombia’s} continuing economic strength, its commitment to free market principals and imperial law, and its experience with its successful transition from the scarcely functioning narco-state to a vibrant and prosperous economy, will contribute to improving the current principles and goals of the OCED” argued Royce.

The politician also praised their impressive growth rate of 6% last year and added that Colombia is one of the fastest growing economies in the Western hemisphere.

“It has recovered from the world economic crisis well and has enjoyed impressive gains over five consecutive years,” explained the congressman.

Colombia aspires to become a member of the OECD, which already includes a number of middle-income nations such as Chile, Mexico, Greece, Hungary and Poland.

Sources

  • Líder republicano respalda entrada de Colombia a la OCDE (El Espectador)
  • Republicanos piden ingreso de Colombia a la OECD (Radio Caracol)

 

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@2008-2019 - Colombia Reports. All Rights Reserved.
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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
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