Estonia joins OECD

  • 2010-12-10
  • TBT Staff

Estonia is the first ex-Soviet country to become a member of the organization.

TALLINN - Estonia has officially joined the Organization for Economic Cooperation and Development, becoming the first ex-Soviet state to become a member of the organization.

"Accession to the OECD confirms the success of Estonia’s economic policy and the stability of its economic environment. The organization, whose goal is supporting global economic development and expanding world trade, will offer further development opportunities to Estonia," said Estonian minister for foreign affairs Urmas Paet.

Estonia will also open its full-time mission to the OECD headquarters in Paris, France.

The country's membership became official when Estonian Ambassador in France, Sven Jurgenson, presented the document in the French Foreign Ministry.

Estonia first expressed interest in joining the OECD in 1997 and received an invitation to join in 2007.

The OECD, founded 1948, is an organization committed to helping governments foster prosperity and fight poverty through economic growth and financial stability.