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Thursday, 18 May

PM Sorin Grindeanu has attended the event: "Romania and OECD – current and future perspectives”

Speech by PM Sorin Grindeanu at the event: "Romania and OECD – current and future perspectives”


[Check against delivery]

Ladies and gentlemen,

Distinguished guests,

 Good morning. It is a pleasure for me to attend today this conference dedicated to the relationship existing between Romania and the Organization for Economic Cooperation and Development. I would like to first congratulate the organizers. It is important for such an event to take place at the initiative of some partners from the private and academic environments. Allow me to thank the National Bank of Romania and Governor Isarescu for hosting this event and the support extended to us. I would like to also greet the OECD experts whom I thank for having answered our invitation, as they have expressed full readiness to broadly present the OECD role and instruments in the field of economic, financial policies, corporate governance, fight against corruption and public policies.For Romania, it is an important moment in the long history of our relationship with OECD, a moment of maturity and visibility, especially of mutual interest, as I am sure this will emerge during today’s conference too. Strenghtening Romania’s relationship with OECD, the world club of best practices of economic development, is a priority for the Government I am leading. Romania is a recognized and relevant OECD partner, active contributor to specialized and regional dialogue within the organization. I discussed about all these things with the OECD Secretary – General Angel Gurria during our telephone conversation last week. Romania has known a steady progress, much accelerated over the recent years, to assimilate the OECD instruments and to participate extensively in the organization's work structures.We are actively consulting each other and we are interested in working more closely with the OECD in many key areas such as: macroeconomic policies, corporate governance, liberalization of capital flows, migration and many others. We are today in a particularly favorable economic moment, marked by economic growth, according to Eurostat, a seasonally adjusted 5.6 pct, in the first quarter of 2017. We have the highest economic growth in the EU. Moreover, exports are at a record level, which shows the high competitiveness of Romanian products.

As of March, goods worth EUR 5.6 billion have been exported, this being the largest monthly export in history. Also, in the first quarter of 2017, foreign direct investment total EUR 1.075 billion, increasing by almost 23 pct compared to the same period last year. That does not mean that we can relax our efforts, on the contrary, we are aware that we need to maintain this pace, and we also know that this growth must be achieved in a solid, sustainable and responsible manner. This is why I believe it is vital to make the required reforms through assimilation of best practices and existing standards, and in this respect, OECD is acknowledged leader in global economic governance matters, with which we want to cooperate.

As aforementioned, we have taken important steps in this respect, we want this dynamics to continue and amplify. Romania is ready to start as soon as possible the OECD membership negotiations. Membership of the organization will be a reconfirmation of the economic progress of our country,of its genuine level of development. It will mean a more efficient public administration, more adapted to the global world requirements. We firmly believe that this may happen as soon as possible, we are aware of the difficulty of the process and we are willing to do our best, everything that depends on us in this respect too. This requires not only the will of our country, but also the support of our external partners, the OECD member states that we want to count on in order to attain this objective. I think you can fully notice today the broad support of the business environment, Parliament, NBR, opinion makers of Romania, academic environment. I wish you an as interesting as possible debate, I am awaiting its conclusions, I want to assure you again of the Romanian Government’s full support for a closer and mutually beneficial relationship between Romania and the OECD , beneficial for all the actors, not only for Romania and OECD, but for all actors who can and want to participate in our goal of joining this organization. Thank you.

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