• Romania Submits Memorandum For Accession To OECD Membership

    December 23, 2022
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    OECD Member States
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    During a working visit to Paris last week, Romanian Prime Minister Nicolae Ciucă submitted the initial memorandum regarding his country’s accession to the Organization for Economic Cooperation and Development (OECD) Convention. Founded in 1961 as the successor to the Organization for European Economic Cooperation, the OECD has been instrumental in pushing the globalist economic agenda around the world. The organization is currently comprised of 38 member states.

    In a joint press statement with the Romanian Prime Minister, OECD General Secretary Matthias Cormann declared, “Romania has been a close friend and a valuable partner for the OECD for many years. Our cooperation started in the 90s, when we worked together in various areas of economic and social policy, from capital market reforms, to competition policy, education, health, and, of course, our cooperation in the OECD/G20 project on erosion of the taxable base and the transfer of profits.” According to the Romanian news agency Agerpress, Ciucă called this step, "the completion of an important modernization process… accession to the OECD is the completion of a significant process of modernization for Romania, already consolidated through our integration into the EU, but also through our accession to NATO. The reforms that Romania has undertaken in the last 30 years have strengthened our economic and social resilience. This resilience has helped us manage the impact of successive crises that our continent and the whole world has faced and still have to face.” 

    OECD member states account for about 70% of global production and trade and 90% of international foreign direct investments. The OECD works to coordinate the domestic and international policies of its members while claiming to adhere to political democracy and market economies.

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