Estonia Receives Invitation to Join OECD

10.05.2010

Today, 10 May, Secretary General of the OECD Angel Gurría announced that Estonia will receive an invitation to join the Organisation for Economic Co-operation and Development (OECD) on 27 May, when the OECD Council on the ministerial level will be held in Paris.

Foreign Minister Urmas Paet stated that accession negotiations with the Organisation for Economic Co-operation and Development, which began in 2007, have ended. “Estonia is achieving its goal by acquiring full member status in the organisation at the end of 2010,” said Foreign Minister Paet. Foreign Minister Paet said that OECD member states are each leaders in their own region. “The invitation to join the OECD recognises the innovativeness of Estonia’s development. As an OECD member, Estonia will have the opportunity to participate as an equal partner in discussions and share its experiences, while also learning more than ever before from the experiences of others,” said Paet.

The goal of the OECD is to support the expansion of general world economic development and world trade. The primary means for achieving these goals is close co-operation among member states, as well as utilising dialogue, consensus, and lessons learned from the better experiences of others. The OECD addresses various sectors (such as education and environmental issues) with comprehensive analyses and gives recommendations for formulating policies in the given area. In addition, economic reviews of the member states are compiled on a regular basis. As part of the accession process, a thorough economic review of Estonia was published in 2009.

The OECD press release can be viewed here:
http://www.oecd.org/document/57/0,3343,en_2649_201185_45159737_1_1_1_1,0...

SPOKESPERSON' S OFFICE
+372 637 7654
pressitalitus@mfa.ee