Latvia, the newest OECD member
On 1 July 2016 Latvia completed the last step in its accession and has been officially welcomed to the OECd by its members, extending the organization to 35 countries.
On 2016, the Organization for Economic Cooperation and Development (OECD), which unites 34 of the world’s most advanced economies comprising 80 % of the global economy, becomes one member richer. After a rigorous three year accession procedure, a vote of confidence from the OECD member states was given in May, and Latvia’s accession agreement to the OECD was signed on 2nd June followed by a deposit of its instrument of accession to the French Government on 1st of July.
Preparation for accession : policy reforms
The invitation to join was a recognition that Latvia has reached the economic and political maturity on a par with other OECD members. It also confirms that Latvia’s policies are...