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Lithuania steps up preparation for OECD membership talks

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Lithuania wants to get more involved in the activities of the Organization for Economic Cooperation and Development (OECD) in an effort to better prepare itself for membership talks that will start in 2015.

For this purpose, Lithuania will need 3.5 million litas (EUR 1m) next year, including a membership fee for participation in the OECD's programs, and 7 million litas in 2015, when the country's institutions will get more involved in the organization's activities, the Foreign Ministry says in a note.

The Cabinet discussed this issue during its meeting on Wednesday.

According to the Foreign Ministry, priority areas of cooperation with the OECD will help Lithuania achieve greater significance in the organization in the shortest period of time and to begin formal membership negotiations in 2015 with part of the necessary homework having already been done.

Lithuania's cooperation with the OECD dates back to 1996 when the country signed a joint declaration with Estonia and Latvia expressing their intention to become full members of the organization. Estonia joined the organization, often dubbed "the rich country club", in 2010.

BNS
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