Israel Joins the OECD (May 12th)

OECD countries unanimously agreed to extend their exclusive membership to Israel following three years of accession negotiations.

The OECD noted that Israel's accession would contribute the OECD work in a number of specific areas.  "Israel's scientific and technological policies have produced outstanding outcomes on a world scale", the OECD said in a statement

Israel's OECD membership is expected to boost the Israeli economy as it is predicted to lead to a stronger flow of foreign investment in the long term.

The formal accession ceremony will be held at the organization's Paris headquarter on May 27th.