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Argentina: OECD highlights country’s progress in competition matters

By  |  July 19, 2016

Pierre Poret, Adjunct Director for Financial and Business Affairs for the Organization for Economic Cooperation and Development (OECD), a developed-country club, held a two-day business tour through Buenos Aires in order to evaluate Argentina’s position in terms of investment, capital markets, competition and corruption, as part of the organization’s process into admitting the South American country into their fold.

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    “Argentina is back inside our community, sitting once more at the table” said the official, giving listeners some context as to the new administration’s intention to join the OECD. Poret, who over the two-day trip met with various government officials and regulators, remarked on the government’s decision to “implement policies that are more in line with the OECD’s recommended practices.”

    Mr. Poret considered that the country “is half way there” in terms of regulating capital, and while he clarified that the OECD does not demand the elimination of trade barriers for entry into the club, he warned that “Argentina still has many in place.”

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