[QODLink]
Middle East
OECD approves Israel membership bid
Israeli officials hail the vote as a "stamp of approval" for their economy.
Last Modified: 10 May 2010 13:44 GMT
The vote came despite opposition from several OECD member states and human rights groups [AFP]

The 31 members of the Organisation for Economic Cooperation and Development (OECD) have voted unanimously to admit Israel to the group.

The OECD announced its decision on Monday. Two other countries, Slovenia and Estonia, were also admitted to the organisation.

Israel "will contribute to a more plural and open OECD that is playing an increasingly important role in the global economic architecture," said Angel Gurria, the OECD's secretary-general.

Membership in the OECD is largely symbolic, though analysts say it will probably improve Israel's credit rating, making it easier for the government to borrow.

Yuval Steinitz, Israel's finance minister, said the OECD's vote is of "immense importance" in an interview with Israel's Army Radio.

Other Israeli officials described the vote as a "stamp of approval" for their economy.

Scattered opposition

The unanimous vote came despite scattered opposition from several OECD member states, Palestinian officials, and international human rights groups.

Three OECD members - Switzerland, Ireland and Norway - expressed concerns about the economic data Israel provided as part of the OECD accession process.

All three states said they were concerned that the data included statistics from settlements in the occupied West Bank and East Jerusalem - land outside Israel's recognised borders.

Salam Fayyad, the Palestinian prime minister, reportedly called the heads of many OECD states over the weekend to lobby against Israel's membership.

Riyad al-Malki, the Palestinian Authority's minister of foreign affairs, warned in a letter to OECD members last week that accepting Israel would legitimise "dangerous" and "racist" policies towards Palestinians.

Several human rights groups also urged the OECD to reject Israel.

Source:
Al Jazeera and agencies
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
UNHCR says hundreds of people trapped in Yaloke town risk death if they are not evacuated to safety urgently.
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Featured
Long-standing dispute over Christian use of the word 'Allah' raises concerns about a very un-Merry Christmas.
The threat posed by ISIL has prompted thousands of young Kurds to join the PKK.
Baja California - with its own grim history of disappeared people - finds a voice in the fight against violence.
Russian feminist rockers fight system holding 700,000 - the world's largest per capita prison population after the US.
Weeks of growing protests against Muslims continue in Dresden with 15,000 hitting the streets last Monday.