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NEWS

OECD Membership Grows


19/01/2012

The Organisation for Economic Cooperation and Development (OECD) has agreed to invite Estonia, Israel and Slovenia to become members of the Organisation, paving the way for its membership to grow to 34 countries.

The Organisation for Economic Cooperation and Development (OECD) has agreed to invite Estonia, Israel and Slovenia to become members of the Organisation, paving the way for its membership to grow to 34 countries.
During nearly three years of accession negotiations, the three countries were reviewed by 18 OECD Committees with respect to their compliance with OECD standards and benchmarks.The invitation to Estonia, Israel and Slovenia to join the OECD acknowledges the efforts already made to reform their economies, including in such areas as combating corruption, protecting intellectual property rights and ensuring high standards of corporate governance.
All three countries will contribute to OECD work in a number of specific areas.
The OECD will welcome the three future members at a special ceremony during the annual meeting of the OECD Council at ministerial level on May 27 in Paris. The meeting will be chaired by Italian Prime Minister Silvio Berlusconi.

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