Sofia, Bulgaria: The Balkan state commences “accession talks” with the OECD (Organisation for Economic Co-operation and Development) – an international organization with 38 countries as its’ members. The OECD Ministerial, on June 10, 2022, adopted an Accession Roadmap in Paris.
“The OECD is the club of the best policies, practices, and standards. On the road to membership, we will implement key reforms”, the statement of the Bulgarian foreign ministry underscores.
Prime Minister expressed his delight over the beginning of accession talks and receiving the road map. The talks will lead the European country to join OECD.
He stated, “Less than six months after the start of the negotiations with OECD, we are now proud to receive our road map for membership. We remain committed to continuing with the reforms”.
Joining the international organization will indeed prove to be very significant for the Balkan state as it will assist it in stimulating economic progress and world trade.
The majority of the member countries of OECD are developed states with high incomes.
The meeting of the OECD Council at the Ministerial Level was held in Paris from June 9 to 10, under the theme of “The Future We Want: Better Policies for the Next Generation and a Sustainable Transition“.
The international organization during the conference underscored the impact caused by the ongoing Russia-Ukraine war on the world economies, which were already trying to recover from the drastic effects of the COVID pandemic.
“Russia’s war on Ukraine has undermined the economic recovery from the COVID-19 pandemic and affected the green and digital transition path across the world. Moreover, Russia’s war and its direct actions destroying infrastructures and crops and blocking exports of commodities have added to inflationary pressures hitting real incomes via higher prices in energy, food and other commodities. Also, global supply chain disruptions have been compounded”, underscored OECD in its statement.