An organisation of industrialised countries formed to promote the economic health of its members. It establishes legally binding agreements and issues guidelines and non-binding instruments on various issues such as export credits and double taxation.For further information, see the OECD website.Related linksUSAEstablished in 1961, the OECD is an organization of developed countries formed to promote the economic health of its members. The mission of the OECD is to bring together the governments of countries committed to democracy and the market economy to:• Support sustainable economic growth.• Boost employment.• Raise living standards.• Maintain financial stability.• Assist other countries' economic development.• Contribute to growth in world trade.The OECD consists of 30 countries of which 27 are considered high income and three are middle income (Poland, Turkey and Mexico). The 27 High-income countries include France, Japan, the UK, the US, New Zealand and the Czech Republic.See also
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.