Port2port News Sevice
Jul 6, 2009
The OECD is expected to release a full financial review of the Israeli market in November, an important step towards granting Israel with full membership
Reports in Jerusalem suggest that an agreement had been reached with the Organization for Economic Cooperation and Development to allow Israel to become a member by 2010. Israel's admission as a full member of the Organisation for Economic Cooperation and Development will take longer than previously expected.
The agreement had been secured in a meeting in Paris last week between Israeli Finance Minister Yuval Steinitz and OECD Secretary-General Angel Gurria.
It is understood that the OECD is expected to release a full financial review of the Israeli market
in November, an important step towards granting Israel with full membership.
Israel is participating in about 20 OECD committees dealing with specific policy issues that would help determine whether Israel was 100% fit for membership by assessing its willingness and ability to become a member.
The spokesman said that some of the committee work on Israel has been completed and some have yet to begin.
The OECD had launched membership talks withIsrael, Chile, Estonia, Slovenia and Russia in January of 2008 in a bid to expand to emerging market nations to broaden its perspective and consolidate its role as a source of policy solutions.