Outreach to non-OECD countries
The OECD's "Enhanced Engagement" outreach to China, Brazil, Indonesia, Indonesia and South Africa promotes market-based and rules-based policies in these major emerging economies. In turn, this raises growth and increases the openness needed to generate U.S. exports and U.S. jobs.
Although OECD members continue to represent 60.5 percent of world trade and 71.9 percent of global GNI, their share of global GDP is shrinking as major new emerging economies assume a greater global share. In 2007, OECD members agreed that an outreach to major emerging economies China, Brazil, Indonesia and South Africa and to the South East Asia region would expand the OECD's global reach, policy impact and relevance.
Participating countries contribute to the OECD's work in a sustained and comprehensive manner under the "Enhanced Engagement" partnership. A central element of the program is the promotion of direct and active participation of these countries in the work of substantive bodies of the Organization. Each country participates in OECD work through a program containing a mix of several elements, notably:
- participation in OECD committees,
- regular economic surveys,
- adherence to OECD instruments,
- integration into OECD statistical reporting and information systems, and
- policy-specific peer reviews.
The actual mix and the sequencing of the elements is determined by mutual interest.
While Enhanced Engagement programs are distinct from accession to the OECD, they have the potential in the longer term to lead to membership of the Organization, should the participating countries decide to explore that possibility.
The OECD also works closely with over seventy other non-member economies in areas from exchange of tax information to educational assessments. OECD free-market principles and internationally recognized benchmarking and peer review support good economic governance in these countries helping to increase prosperity, investment and trade in goods and services - all of which benefit the United States.