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Romania on Track for OECD Accession, Says National Coordinator Luca Niculescu

Romania on Track for OECD Accession, Says National Coordinator Luca Niculescu

Bucharest, June 9, 2024 — Romania is making steady progress in its bid to join the Organisation for Economic Co-operation and Development (OECD), according to Luca Niculescu, the national coordinator for Romania's accession to the OECD. Contrary to concerns about delays, Niculescu affirmed that the country is not behind schedule.

Speaking to the Romanian news agency AGERPRES on Friday, Niculescu emphasized the flexible nature of the accession timeline. "There is no deadline for accession. That is, until you align yourself with the OECD standards, stay and make progress. We have seen in previous accession processes that some countries manage to do it in four years, other countries take longer. They can join in nine to ten years. It depends on the pace of each one. I was saying there is no deadline set by the roadmap.”

Niculescu further noted that a target date had been set by the Romanian prime minister during a visit from OECD Secretary-General Mathias Cormann to Bucharest two months ago. “That would be 2026. So, it is an ambitious goal; it is a goal that can be achieved if we keep up the good pace. We are not at all behind schedule,” Niculescu stated.

The OECD is an intergovernmental organization with 38 member countries, spanning North and South America, Europe, and the Asia-Pacific region. It plays a crucial role in shaping global economic policies and standards. OECD member countries and key partners represent about 80 percent of the world's trade and investment, making it a significant platform for economic cooperation and development.

Romania's accession to the OECD would mark a significant milestone in its economic and political integration with the world's leading economies. The country's progress towards meeting OECD standards reflects its commitment to fostering sustainable economic growth, improving governance, and enhancing social well-being.

As Romania continues to align its policies and practices with OECD standards, the anticipated 2026 target remains within reach, contingent upon maintaining the current pace of reforms and progress. This goal underscores Romania's dedication to achieving higher levels of economic development and international cooperation.



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