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OECD initiates procedure for the admission of Ukraine

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The OECD has started the procedure for Ukraine’s admission, after the organization’s Council designated that state as a potential member country on Wednesday.

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“Following a request by Prime Minister Denys Shmyhal to start the process of Ukraine’s entry into the OECD, the Council has decided to recognize Ukraine as a potential member country,” announced the secretary general of the Organization for Economic Cooperation and Development (OECD), Mathias Cormann, in a statement.

Cormann added that the Council tasked him with launching an initial dialogue with Ukraine before studying the formal opening of talks with kyiv and the preparation of a road map on membership.

He recalled that the organization and Ukraine have collaborated since 1991 and advanced that, after the conclusion of the initial dialogue, the OECD Council will decide to open formal discussions.

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“The OECD remains committed to Ukraine and its people. We support your reconstruction and recovery efforts for the speedy return of peace and stability throughout your sovereign territory.Corman concluded.

Source: Gestion

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