Convention on the Organisation for Economic Co-operation and Development
From Wikipedia, the free encyclopedia
The Convention on the Organisation for Economic Co-operation and Development is the 1960 treaty that transitioned the Organisation for European Economic Co-operation into the Organisation for Economic Co-operation and Development.[1] The treaty states that OECD decisions are binding on members that vote for those decisions once those decisions are approved in accordance with those members' constitutional processes.
When a state in invited to join the OECD, it must ratify the convention to join. As of 2013, 34 states have ratified the convention and thereby joined the OECD.
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