Shalom Life | May 28, 2015

Israel Accepted into OECD

After 16 year effort, Israel finally a member.

By: News Staff

Published: May 10th, 2010 in News » Israel

Israel Accepted into OECD

Israel won a victory after a 16-year effort to join the Organization for Economic Cooperation and Development. The Paris-based OECD said it had invited Israel, as well as Estonia and Slovenia, to become members after they met specific criteria as developed, open economies. Once formally invested as members, the three will swell the ranks of the OECD to 34 members.

The 31 members of the Organization for Economic Co-Operation and Development (OECD) voted unanimously on Monday in favour of accepting Israel into the group, Haaretz reported.

"All three countries have been receptive to OECD recommendations on important issues," OECD Secretary General Angel Gurria said. "The OECD accession process has delivered real policy changes and reform in all candidate countries."

According to Israeli officials, admittance into the Paris-based group is an important marker for Israel’s economy, enhancing its ties with foreign investors, and placing it on par with other economically advanced nations.

Three OECD members, Switzerland, Ireland and Norway, had previously expressed doubts about Israel’s acceptance into the group, citing the issue of Israel’s settlements, which the country does not treat as separate economic bodies.

All new members, however, require the approval of all 31 members. As such, Israel’s economic recognition marks a significant step in the country’s international approval.

Foreign Minister Avigdor Lieberman welcomed Israel's acceptance into the esteemed economic organization, calling it "a stamp of approval for the country's economy and its achievements in technology."

"The resolution was unanimous, despite attempts by anti-Israel entities to prevent the acceptance of Israel into the OECD," Lieberman said in a statement, adding that "the fact that the attempts failed is proof of Israel's solid standing with the international community, and that it is recognized for its achievements, despite the fierce incitement against it in every conceivable arena: political, security or economic."

According to Israeli Finance Minister Yuval Steinitz, this is a "historic achievement" for Israel.

The three new members "will contribute to a more plural and open OECD that is playing an increasingly important role in the global economic architecture," OECD Secretary-General Angel Gurria said in a statement. She also told a news conference in Paris that Israeli politics and Mideast tensions were "not the main focus of discussion," but acknowledged, "The entire process of membership is political."

Stanley Fischer, The head of Israel's central bank, mentioned that the membership is an important step towards Israel's integration into the global economy and follows Israel's commitment to meet the highest international standards.

Prime Minister Benjamin Netanyahu is expected to hold a special press conference later today to discuss Israel's admittance into the internationally recognized organization.

Muslim Televangelist Warns Followers that Masturbation Will Lead to Hand-Pregnancies Muslim Televangelist Warns Followers that Masturbation Will Lead to Hand-Pregnancies TrendingHow Should Pro-Israel Voices Tackle the War of Ideas on College Campuses? How Should Pro-Israel Voices Tackle the War of Ideas on College Campuses? TrendingWhy is This Blatantly anti-Semitic Course Still Being Offered at UC Riverside? Why is This Blatantly anti-Semitic Course Still Being Offered at UC Riverside? Trending
 

Site Exposes Pro-Palestinian Students to "Ensure" that "Today's Radicals are not Tomorrow's Employees"

May 28, 2015 | By Daniel Koren
Site Exposes Pro-Palestinian Students to "Ensure" that "Today's Radicals are not Tomorrow's Employees"

Backers and members of Canary Mission remain anonymous; several pro-Israel groups have already announced their non-involvement

Read More

Toronto Teens Launch Summer Camp 'Tikkun Olam' Project

May 28, 2015 | By Shalom Life Staff
Toronto Teens Launch Summer Camp 'Tikkun Olam' Project

One Stop Camp Shop aims to make getting ready for camp a much easier process

Read More

Despite Calls to Ban Action Bronson's NXNE Set, the Show Will Go On

May 27, 2015 | By Daniel Koren
Despite Calls to Ban Action Bronson's NXNE Set, the Show Will Go On

Change.org launches petition that accuses the rapper of glorifying "gang-raping" and "murdering women"

Read More

Warren Buffet Invests in Israeli Company, Again

May 27, 2015 | By Viva Sarah Press
Warren Buffet Invests in Israeli Company, Again

Ramat Gan-based energy savings solution company, eVolution Networks, completes $22.5 million funding round

Read More

”Remove the Flag or Leave the Apartment," Vienna Landlord tells Jewish Tenant

May 27, 2015 | By B. Shane Morganstein
”Remove the Flag or Leave the Apartment," Vienna Landlord tells Jewish Tenant

Tenant ordered to remove Israeli flag from window, or face eviction

Read More

Muslim Televangelist Warns Followers that Masturbation Will Lead to Hand-Pregnancies

May 27, 2015 | By B. Shane Morganstein
Muslim Televangelist Warns Followers that Masturbation Will Lead to Hand-Pregnancies

A warning from a Muslim televangelist urges viewers not to masturbate, lest their hands become pregnant in the afterlife

Read More

How Should Pro-Israel Voices Tackle the War of Ideas on College Campuses?

May 27, 2015 | By Jeffrey F. Barken, JNS.org
How Should Pro-Israel Voices Tackle the War of Ideas on College Campuses?

While organizations are fighting against the BDS movement on campus, some experts claim that not enough Jewish students are "fighting back"

Read More

WATCH: David Blatt Leaves LeBron James Hanging on a High-Five

May 27, 2015 | By Daniel Koren
WATCH: David Blatt Leaves LeBron James Hanging on a High-Five

The Israeli NBA coach and King James were caught having a pow-wow during the Cavs' romp over the Atlanta Hawks

Read More

More Headlines