Israel joins OECD

Posted: May 11, 2010 by Jonathan Boyko in Israel
Tags: ,

OECD Logo. Israel's best bet? After years of efforts, Israel joins other prominent states, among them Australia, Finland, Japan, Norway and the United States, in the Organisation for Economic Co-operation and Development:

"This is a big day for Israel," said Netanyahu at the Likud faction meeting. As well as giving credit to Finance Minister Yuval Steinitz and Bank of Israel Governor Stanley Fischer, Netanyahu also commended his predecessor Ehud Olmert and former finance minister Ronnie Bar-On for starting the push for OECD membership.

At the Labor faction meeting, meanwhile, Defense Minister Ehud Barak also hailed the decision.

"This will bring Israel billions," he said." It’s an important day for the Israeli economy."
Israel got the go-ahead to join the OECD at a meeting of representatives of the 31 member countries in Paris on Monday afternoon.

At the OECD meeting, the representatives were presented with an update on the status of membership bids, and voted unanimously to accept Israel as the 32nd member.

The 31-member OECD issued a statement at its Paris headquarters saying it had invited Israel, as well as Estonia and Slovenia, to become members.

(The Jerusalem Post)

THIS INDEED IS a great day of Israel’s economy. Joining the OECD opens many international economic doorways, which would allow greater degree of fiscal cooperation with the Western World.

The OECD brings Israel more opportunity than any other group. Unlike the United Nations, dominated by third-world countries hostile to Israel, the OECD includes many prominent, Western states. Thus Israel would likely encounter fewer hostility towards itself, with greater possibility of influence.

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