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Estonia supports further expansion of the OECD

08.05.2014

Foreign Minister Urmas Paet said at the Ministerial Council Meeting of the Organization for Economic Cooperation and Development (OECD) in Paris that Estonia considers fast progress concerning the organization's accession talks with Latvia and Colombia to be positive. “We consider it important to reach a decision to launch accession talks with Lithuania and Costa Rica shortly as well,” Paet stressed.

According to Paet, the OECD's decision to postpone accession talks with Russia was the only possible decision in reaction to Russia's interference in Crimea and East Ukraine. “The possible continuation of accession talks with Russia depends completely on further developments and Russia's actual steps in the de-escalation of the situation in Ukraine,” Paet noted. He added that this includes following what has been agreed to in the Charter of the United Nations, the Budapest Memorandum on Security Assurances and last month in Geneva.

Paet stated that Ukraine needs the support of the global community in order to secure the stable development of the country. “The Organization for Economic Cooperation and Development has long-term experience in the fight against corruption. This expertise could also benefit Ukraine,” Paet said. “The OECD’s recommendations to help foster economic development would also help restore confidence in Ukraine’s economic environment.”

Topics of discussion at the OECD Ministerial Council Meeting will include the global economic situation, the strengthening of global relations and issues relating to the management of the organization.

Japan holds the chairmanship of the OECD Ministerial Council Meeting (MCM). Last year, Estonia was the Ministerial Council Meeting’s co-chairman.


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