Organisation for Economic Co-operation and Development (OECD) was officially established on 30 September 1961, when the OECD Convention entered into force.
Other countries joined in, starting with Japan in 1964. Today, 34 OECD member countries worldwide regularly turn to one another to identify problems, discuss and analyse them, and promote policies to solve them.
The mission of the Organisation for Economic Co-operation and Development (OECD) is to promote policies that will improve the economic and social well-being of people around the world. The OECD provides a forum in which governments can work together to share experiences and seek solutions to common problems. The Organization works with governments to understand what drives economic, social and environmental change, measures productivity and global flows of trade and investment. The OECD analyses data to predict future trends and sets international standards on a wide range of things, from agriculture and tax to the safety of chemicals.
Drawing on facts and real-life experience, the OECD recommends policies designed to improve the quality of people's lives. The Organization works with business, through the Business and Industry Advisory Committee, and with labour, through the Trade Union Advisory Committee.
More information about organizational matters and public procurement rules within the OECD - soon.