OECD

OPEC
EU
Presented by Group 3
 AND
COOP
ERATI
ON
DEVE
LOPM
ENT
• The Organization for Economic
Cooperation and Development
(OECD) is an international
organization that works to build
better policies for better lives.
• Its goal is to shape policies that foster
prosperity, equality, opportunity and
well-being for all.
• There are 38 Member countries span
the globe. Costa Rica is the latest
member who joined in May 2021.
• OECD draws on
60 years of experience and
insights to better prepare the
world of tomorrow.
 ORGANIZATION OF THE PETROLEUM
EXPORTING COUNTRIES
Libya
eg
FOUNDING MEMBERS:
iraq

•
k

Ang IRAN
G
A
l
• IRAQ
• KUWAIT
N
SA
V
N
• VENEZUELA
Iran
C
• SAUDI ARABIA
U

Founded on September 14, 1960

https://www.drishtiias.com/daily-news-analysis/opec
 WHAT IS IT ALL ABOUT?

The Organization of the Petroleum Exporting Countries

(OPEC) is an intergovernmental organization founded in
1960. Its primary purpose is to coordinate and manage the
production and pricing of petroleum (crude oil) among its
member countries.

https://www.britannica.com/topic/OPEC
 OBJECTIVES OF OPEC

1st 2nd 3rd 4th

Stabilze oil Secure fair prices Ensure a steady Promote
markets supply cooperation
 DID YOU KNOW?

The Philippines
imported over 81.9%
of gasoline, diesel and
LPG of 2021 (DOE)
Why does the Philippines import a significant
amount of oil?

1 Energy Source 5 Economic Development

2 Electricity Generation 6 Trade and Commerce

3 Industrial Processes 7 Agriculture

4 Transportation 8 Tourism
 EUROPEAN UNION (EU)
International organization comprising 27 European countries
and governing common economic, social, and security policies.

The EU was created by the Maastricht Treaty, which entered

into force on November 1, 1993.

The treaty was designed to enhance European political and

economic integration by creating a single currency (the euro),
 FAST FACTS: HOW IMPORTANT IS THE EU
TO THE PHILIPPINES?

1. The EU is a major donor and source of

Official Development Assistance.
 2. The EU is the Philippines’ 2nd
top export destination.

3. Europeans are the 3rd largest group

of tourists in the Philippines.
4. Europe is the 4th top source of
OFW remittances.

5. The EU is a key source of

foreign direct investments.

https://www.rappler.com/business/170230-fast-facts-how-important-european-union-philippines/
 A WARM
THANK YOU
TO ALL OF YOU!