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Posted On

26
September
2022

Shmyhal: We hope OECD to support Ukraine's application to join Organization

KYIV. Sept 26 (Interfax-Ukraine) – Prime Minister of Ukraine Denys Shmyhal has said that Ukraine’s ambitious goal is to gain full membership in the European Union and the Organization for Economic Cooperation and Development (OECD).

"We consider these two processes as complementary to each other, and we take into account how important the role of the OECD is for the EU as an analytical center and a center for developing the best solutions for public policy," he said.

The PM also said that Russia had planned to terminate Ukraine’s Euro-Atlantic choice as well as reforms on the way to transforming Ukraine into a successful European state.

"Our response to these actions is to launch and implement reforms twice as fast. The strategic framework for all transformations is based on the integration of Ukraine into the EU. We are actively moving towards integration into European markets. By the end of this year, more than 100 regulatory acts will be adopted, thereby making our country much closer to Europe," Shmyhal said.

He also said that before the start of the full-scale invasion of Russia, the Ukrainian government, together with representatives of the Organization, had reviewed the joint Action Plan for deepening cooperation for the period until 2025. Now Ukraine and the OECD have the opportunity to bring cooperation to a fundamentally new level.

Shmyhal expressed hope that the OECD would support Ukraine’s application and the parties would agree on a roadmap for Ukraine’s membership in the Organization.

"This process shall open wider access for Ukraine to participate in the work of OECD bodies. By implementing the Organization’s standards and participating in its reviews, Ukraine will become more understandable for investors, researchers, consulting companies, and most importantly, those who study the possibilities of entering the Ukrainian market," read the statement on the government’s website.