Romania might be invited to join OECD in May, sources say

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Romania might be invited to join the Organisation for Economic Co-operation and Development (OECD) in May, sources within the Ministry of Finances told Hotnews.ro.

Procedures might last six months since the invitation is received.

After the anti-communist revolutions of 1989 in Europe, the OECD started to assist countries in Central Europe (especially the Visegrad Group) to prepare market economy reforms. In 1990, the Centre for Co-operation with European Economies in Transition (now succeeded by the Centre for Cooperation with Non-Members) was established, and in 1991, the Programme “Partners in Transition” was launched for the benefit of Czechoslovakia, Hungary, and Poland.

The last enlargement wave was in 2013, when the OECD decided to open membership talks with Columbia and Latvia. In 2015, it opened talks with Costa Rica and Lithuania. Latvia became a full member on 1 July 2016 and Lithuania on 5 July 2018.

According to the procedures, after the Council’s members agree on initiating a new „wave of enlargement”, the OECD Council adopts the official decision to launch call for new membership and the start of negotiations, based on an accession timetable.

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