The OECD and Costa Rica: A mutually beneficial relationship
Costa Rica officially became the 38th member of the Organisation on 25 May 2021, successfully bringing to a conclusion an accession process that began in 2015.
OECD Member countries formally invited Costa Rica to join the Organisation in May 2020, following a five-year accession process during which it underwent in-depth technical reviews by 22 OECD Committees and introduced major reforms to align its legislation, policies and practices to OECD standards. These spanned a wide range of policy areas and included a comprehensive reform of competition policy and enforcement, a redesign of the national statistics system, the introduction of criminal liability of legal persons for foreign bribery and the establishment of a register of shareholders to ensure tax transparency.
To co-ordinate the relationship, the OECD’s Global Relations Secretariat develops and oversees the strategic orientation of this relationship and ensures that the dialogue remains focused and forward-looking.
This results in a mutually beneficial relationship. The review and evaluation procedure allows for the sharing of OECD standards and good practices with Costa Rican authorities, and the identification of areas for future reforms. Costa Rica values the opportunity to discuss major policy issues and challenges in a multilateral context and to learn from the experiences of OECD countries facing similar challenges in many areas. In turn, this dialogue enriches the OECD’s knowledge and policy advice, and benefits OECD members and non-OECD economies by enabling them to acquire a better understanding of Costa Rica.