Kazakhstan to apply for OECD membership

oecd

Prime Minister of Kazakhstan Karim Masimov will file an application for Kazakhstan’s membership in the Organization for Economic Cooperation and Development (OECD) during his official visit to France on Nov. 22, the press office of the Prime Minister reported.

“Joining the organization will enable Kazakhstan to adopt the best standards of developed countries and promote Kazakhstan’s integration with the most developed countries of the world,” the report said.

Kazakhstan’s intention to join the OECD was announced at a meeting between Masimov and OECD Secretary-General Angel Gurria in France in June.

OECD is one of the most authoritative organizations for multilateral negotiations on all economic issues, including talks within the framework of the G7 and G20. The organization includes 34 countries. OECD’s member countries and countries cooperating with the OECD make up 80 percent of world trade and investment.

OECD’s work is aimed at achieving of sustainable economic growth and rising standards of living in OECD countries, as well as promoting of world trade on a multilateral basis.

The OECD headquarters is located in Paris.

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