The UK is a leading member of the Organisation for Economic Co-operation and Development (OECD) and strongly supports its globally recognised programme of economic and structural work. This work is of major benefit to the OECD’s 30 members, but also to a growing number of developing and emerging economies with which the organisation has outreach programmes. The OECD has a central role in promoting the benefits of globalisation—and sharing best practice in mitigating the downside risks—drawing on its policy analysis, statistics, peer review and international codes of conduct. This is consistent with UK efforts to engage with major emerging economies on global issues such as climate and energy security.
At the 15-16 May OECD Annual Ministerial Meeting in Paris, member states agreed to open accession talks with Chile, Estonia, Israel, Slovenia and Russia. The UK also welcomed a programme of enhanced engagement and possible future membership with emerging economies, particularly Brazil, India, Indonesia, China and South Africa. The UK has stressed that countries acceding to the OECD must meet strict criteria in order to safeguard the organisation’s core values including market-based democracy, rule of law and good governance.