The OECD is one of the world's most important international economic organizations and a think tank for the WTO. The majority of its members are developed countries and major players in global trade. Participation in OECD activities can elevate Taiwan's international profile and assist us in formulating economic and trade policies. Taiwan gained Observer status to the Competition Committee in 2002, to the Steel Committee in 2005, and to the Fisheries Committee in 2006. Taiwan has maintained its status as a Participant since then. (The OECD replaced the title of "Regular Observers" with "Participants" in 2013.)