OECD Launches Accession Negotiations with Romania

The Council of the Organization for Economic Cooperation and Development (OECD) launches accession negotiations with Romania. This is considered one of the major recent successes of Romanian diplomacy.

With this decision, Romania is significantly closer to achieving one of its strategic foreign policy objectives, unanimously shared and constantly assumed at the highest level of the state: obtaining OECD membership.

OECD membership will strengthen Romania’s international profile and provide access to the expertise of an international body valued for the quality of economic studies and public policy evaluations. It will also provide the opportunity to participate directly, along with other members, in establishing international regulations in the field of good economic governance. The opening of the accession talks represents the culmination of the consistent efforts of the Romanian diplomacy and of the entire institutional spectrum of the last decades, in order to bring Romania closer to the OECD standards and practices, globally recognized as a standard of good governance in developed economies. This success is the result of a close inter-institutional collaboration in which the relevant ministries and institutions have been involved over time, under the auspices, since 2016, of an Interministerial Committee, currently coordinated directly by the Prime Minister of Romania

Romanian Gov. Press Release cited by Agerpres

The Organisation for Economic Co-operation and Development – OECD is an intergovernmental economic organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. Former members of the communist bloc, such as Poland, Hungary, Czech Republic, Slovakia, Latvia, Lithuania or Estonia, have already been admitted to OECD, but, as usually, Romania has been left behind.