Israel cabinet approves joining OECD

JERUSALEM (BestGrowthStock) – Israel’s cabinet on Sunday approved the country joining the Organization for Economic Cooperation and Development (OECD).

The Paris-based group in May invited Israel, Estonia and Slovenia to join the club of free-market democracies. The trio would swell the ranks of the OECD to 34 countries.

“Israel’s accession to the OECD is an expression of faith in Israel’s economy as a developed and leading economy,” Prime Minister Benjamin Netanyahu said in a statement.

“The decision opens for Israel investment opportunities that had been closed,” he said.

(Reporting by Steven Scheer; Editing by Jon Loades-Carter)

Israel cabinet approves joining OECD