OCDE E OS CÓDIGOS DE CAPITAIS E INTANGÍVEIS: CÓDIGO DE LIBERALIZAÇÃO DE MOVIMENTO DE CAPITAIS E CÓDIGO DE OPERAÇÕES CORRENTES INTANGÍVEIS

- 1 April 2019

Trade topics: OECD, Brazil, Capital Movements, Current Invisible Operations

After starting its approach to OECD activities in the 90s, Brazil submitted a formal letter of accession to the Organization in May 2017. Since then, the country has sought to adapt and adhere to the OECD legal instruments, among them, the Codes of Liberalization of Capital Movements and Current Invisible Operations. The present study examines the general content of the Codes, objectives, principles and functioning. It was found that, while establishing liberalization commitments, the Codes also establish mechanisms for liberalization to take place gradually and progressively, while respecting the needs of the countries. In this way, by adhering to the Codes, Brazil will reinforce its position as a country committed to international rules and will have ensured that the liberalization of items occurs gradually, according to national needs. Annex I presents a comparative table with the contents of the two Codes, to facilitate reading and joint understanding.

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