Convention on the Organisation for Economic Co-operation and Development

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 is 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.

References

  1. ↑ Convention on the Organisation for Economic Co-operation and Development