Union of Ukrainian Entrepreneurs has received Observer organisation status in Business at OECD (BIAC)

04.10.2024

1 min

Important news for Ukrainian business!

Union of Ukrainian Entrepreneurs has received Observer organisation status in Business at OECD (BIAC). This is a significant step towards integrating Ukrainian business into the global economy.

This allows SUP to involve its members in Policy Groups, where companies can influence policies related to their industries. Policy Groups bring together company executives from over 55 countries and various corporate sectors globally. These groups jointly shape positions on policy initiatives considered by the OECD and governments for international and national implementation.

Business at OECD (BIAC) is the officially recognized business institution at the Organisation for Economic Co-operation and Development (OECD), uniting 29 national business organizations from OECD member countries and over 280 organizations from non-OECD countries. Since 1962, BIAC has represented business interests at the OECD, helping businesses interact with governments. BIAC’s main goal is to promote economic growth, sustainable development, and well-being through participation in global governance processes.

SUP (Union of Ukrainian Entrepreneurs) is the only Ukrainian business association in Business at OECD (BIAC).

What does this mean for SUP members?

  • -Influence on global policy – Entrepreneurs can participate in key discussions within the OECD framework.
  • Access to the global BIAC network of over 9 million companies.
  • Advocacy and promotion of critical economic reforms that will contribute to the development of entrepreneurship in Ukraine and integrate our economy into global markets.

Business at OECD (BIAC) consists of more than 10 expert groups that include international sectoral organizations, 15+ policy groups that influence public policy at the OECD, and 45+ corporate friends in the BIAC corporate program.

Business at OECD (BIAC) Policy Groups cover several key areas, including: economic policy, competition, finance, regulatory and fiscal policy, SME support, education, social issues, healthcare, tourism, blockchain, innovation, technology, and others. In addition, BIAC has specialized groups focused on environmental issues, trade, investment, and food.

Observer organisation status at Business at OECD is international recognition for SUP, opening specific opportunities for members to interact with international business leaders and policymakers, contributing to the sustainable development of industry and Ukraine’s economic growth.

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