The US government is backing Brazil's bid to join the Organization for Economic Cooperation and Development, providing a foreign policy boost for Brazilian President Jair Bolsonaro.
"The United States wants Brazil to become the next country to begin the accession process" to the OECD, said a US State Department spokesperson for the Bureau of Western Hemisphere Affairs.
"The Brazilian government is working to align its economic policies with OECD standards while prioritizing OECD accession to reinforce economic reforms," the spokesperson said in a statement sent to The Associated Press on Wednesday.
The State Department spokesperson declined to be named in line with department rules.
The Paris-based OECD advises developed countries on economic policy.
The US announcement is welcome news for Bolsonaro, whose alignment with US President Donald Trump has been the cornerstone of his foreign policy. The US government had said in October that it was prioritizing Argentina's inclusion, then governed by right-leaning President Mauricio Macri, a Trump ally. Macri lost his reelection bid.
"The American announcement of a priority for Brazil to join the OECD once more shows we are building a solid partnership with the US," Brazilian Foreign Minister Ernesto Arajo said on Twitter.
Trump recently walked back an earlier decision to impose tariffs on Brazilian steel and aluminum.
Separately, Bolsonaro's administration has decided to leave a regional group called the Community of Latin American and Caribbean States, also known by its Spanish acronym CELAC, the Brazilian newspaper O Globo reported Wednesday.
Brazil's decision is due to the presence of Cuba and Venezuela in the group, the newspaper reported.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
