Themes Mark all newsUncheck all news

Lithuania’s Foreign Vice-Minister Pranckevičius: The OECD must remain principled and built upon the foundation of shared values in the face of the challenges posed by undemocratic regimes

Created: 2021.10.06 / Updated: 2021.10.07 11:20
    Lithuania’s Foreign Vice-Minister Pranckevičius: The OECD must remain principled and built upon the foundation of shared values in the face of the challenges posed by undemocratic regimes

    On 5-6 October, the Vice-Minister of Foreign Affairs of Lithuania Arnoldas Pranckevičius participated in the 2nd part of the 2021 Meeting of the OECD Council at Ministerial Level, which gathered leaders and Ministers under the theme of “Shared Values: Building a Green and Inclusive Future”, to honour the organisation’s 60th anniversary and to focus on the crucial work at hand.

    Pranckevičius highlighted the importance of values in the OECD's activities and pointed out that “in implementing tough and far-reaching reforms, responding to global economic challenges — climate change, widening inequality, rapid technological change, and disinformation — the question of trust in government was becoming more important. Effective governance would help restore trust in public policy. And we see the OECD's great potential, based on its long-standing expertise, namely in this area.”

    The Foreign Vice-Minister also stressed that the OECD had the potential to strengthen the impact of regional cooperation programmes and called on stepping up support for structural reforms in Ukraine through the establishment of the OECD's office in Kyiv. Pranckevičius stressed that OECD countries must act unitedly and speak with one voice in relations with the countries that did not uphold democratic values or free market principles. It is also necessary to ensure that such countries do not abuse the OECD’s activities for propaganda purposes.

    According to Pranckevičius, Lithuania supports further development of the OECD, thus strengthening the organisation and its sphere of influence.

    As regards trade, Lithuanian representatives highlighted the importance of an open, rules-based international trading system for achieving a strong and long-term sustainable economic recovery, supply chain resilience, and for ensuring fair competition in the global market.

    The OECD was established in1961. It currently has 38 members and reinforces such shared values as respect for democratic principles, human rights, rules-based market economy, as well as readiness to implement the OECD's standards.
     


     

    Subscribe to our newsletters