OECD officially welcomes 3 new members

14:41, May 28, 2010      

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The Organization of Economic Cooperation and Development (OECD) launched an official ceremony Thursday to welcome three new members, namely Israel, Estonia and Slovenia, which are represented respectively by their prime ministers and enlarges the organization to a 34-member bloc, at its Paris headquarters.

Warmly welcoming the three states, Italian Prime Minister Silvio Berlusconi, the chairman of the accession ceremony, underlined the continuance of reforms on fiscal measures, tax regulation and other tighter financial surveillance.

There were demanding requirements for candidates to pass the evaluation of OECD's 20-committees panel, which assesses various aspects of candidate's economy, the Secretary-General Angel Gurria said, calling Thursday a "monumental moment" for OECD.

"Estonia wants to shield the policy goals with OECD members," Estonian Prime Minister Andrus Ansip said on behalf its government. He said the eastern European country has presented improvements in tax, public budget and other fields in recent years and was "very looking forward to future cooperation as an OECD member."

Israeli Prime Minister Benjamin Netanyahu granted Israeli citizens the biggest thanks on the OECD accession process, and based on Israeli experience on "moving ahead with innovation," he underlined that providing additional value to product with development of technology was very important, in particularly for emerging countries.

Slovenian Prime Minister Borut Pahor said that it's a national dream for Slovenia to be part of OECD. "We assume the club ... a good guidance. We would like to listen to your advice and share our advice as well," Pahor said, and hoped Slovenia to inspire other countries to some extend.

At a joint news conference, Gurria generally laid out respective advantages of each new member in developing model and thus expressed his optimism on future cooperation with the three new and Chile, which joined the organization early this year.

Chile, Estonia, Israel, Slovenia and Russia were invited to join the OECD in May 2007 and the entry talks between OECD and the five started in December that year with the approval of so-called accession "roadmaps."

Russia, however, lagged behind the process, according to an OECD spokesman, who didn't give more detail but said it's natural that different countries have different pace.

In OECD's expansion blueprint, the organization said, by expanding its membership to less-developed nations, it could better address the challenges of globalization and play a more prominent role in world's economic affairs.

Established in 1961, the OECD now groups the world's leading industrialized nations.

Source: Xinhua


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