Convention on the Organisation for Economic Co-Operation and Development

Summary

the governments of the Republic of Austria, the Kingdom of Belgium, Canada, the Kingdom of Denmark, the French Republic, the Federal Republic of Germany, the Kingdom of Greece, the Republic of Iceland, Ireland, the Italian Republic, the Grand Duchy of Luxembourg, the Kingdom of the Netherlands, the Kingdom of Norway, the Portuguese Republic, Spain, the Kingdom of Sweden, the Swiss Confederation, the Turkish Republic, the United Kingdom of Great Britain and Northern Ireland, and the United States of America;

considering that economic strength and prosperity are essentiel for the attainment of the purposes of the United Nations, the preservation of individuel liberty and the increase of general well-being;

believing that they can further these aims most effectively by strengthening the tradition of co-operation which has evolved among them;

recognising that the economic recovery and progress of Europe to which their participation in the Organisation for European Economic Co-operation has made a major contribution, have opened new perspectives for strengthening that tradition and applying it to new tasks and broader objectives;

convinced that broader co-operation will make a vital contribution to peaceful and harmonious relations among the peoples of the world;

recognising the increasing interdependence of their economies;

determined by consultation and co-operation to use more effectively their capacities and potentialities so as to promote the highest sustainable growth of their economies and improve the economic and social well-being of their peoples;