Israel committed itself to adopting the accepted legal foundations for group members regarding policy, legislation and implementation
Israel has completed the first stage of joining the Organization for Economic Co-operation and Development (OECD).
Finance Minister Ronnie Bar-On said last Tuesday that "The progress we have made on the path to OECD membership is a sign of the trust in the resilience of Israel's economy, and emphasizes our obligation to continue to maintain a responsible economic policy, even at times of political uncertainty and a global economic slowdown".
In May 2007 the OECD invited Israel to start the accession process to join the organization. Israel's target for meeting the organization's standards is the end of 2009. Israel will join four other countries - Russia, Estonia, Slovenia and Chile - in attempting to gain membership to the OECD, which today is made up of 30 of the most economically developed states.
In this stage, Israel committed itself to adopting the accepted legal foundations for group members regarding policy, legislation and implementation. The commitment was submitted at the end of July. Following the submission, the OECD confirmed Israel's completion of the first stage of accession.
Israel completes first stage of OECD membership
Israel committed itself to adopting the accepted legal foundations for group members regarding policy, legislation and implementation
11.08.08 / 00:00
•
More articles that may interest you
American Airlines & El Al To begin Code-Share
Knesset Economic Committee discussed port issues
EU will finance innovation projects in MEDA countries
Israel Shipyard delivered first cargo ship to European buyer
New aviation agreement signed with Ukraine
Port of Haifa: 20% increase in container movement during 1H
More news from Industry & Trade Section
>Israeli customs officers given tips how to identify faked products/04.08.08
>Joint Jordanian-Israeli delegation to discuss trade relations in the USA/28.07.08
>BOL: state of the economy index down - second month in a row/28.07.08
>Unemployment rates down to its lowest level in 21 years/28.07.08
>Israeli customs successfully applied new export control system/21.07.08
>Chambers of Commerce: Exports of services up 16% in first quarter/14.07.08
>Israel Water Authority: Israel facing worst water crisis in 80 years/14.07.08
>Israeli customs to apply new strengthened export control system/07.07.08
>Bar-On: domestic economy set to slow due to global downturn/07.07.08
>Head of Israel's customs directorate participated in WCO’s annual Council Session/07.07.08