Kazakhstan's strive for joining OECD dictated by political ambitions

Kazakhstan's strive for joining OECD dictated by political ambitions

Azerbaijan, Baku, July 2 / Trend E. Ostapenko /
The decision to join the Organization for Economic Cooperation and Development (OECD) is dictated by the political ambitions of Kazakhstan. It is economically unjustified, the experts said.

The country's intention to become an OECD member was voiced by Kazakh Prime Minister Karim Masimov after the meeting with OECD head Jose Angel Gurria in France.

The Kazakh Foreign Ministry has been already instructed to form a working group on elaborating the visa-free regime with the countries of the organization.

"I consider Masimov's statement as a part of general course taken by Kazakhstan in foreign policy," the analyst at Economist Intelligence Unit in London Alice Mummery told Trend. Kazakhstan actively tries to increase its role in regional and international sphere. Of course, the membership in the OECD would help it."
Kazakhstan is represented in many international political and economic organizations, the CSTO, SCO, OSCE, OIC, TurkPA, as well as various UN institutions. Astana hosted the OSCE summit in December last year. It became the center of world politics for two days.

Kazakhstan obtained the annual presidency of the OIC, the influential structure in the Islamic world, in late June.

The Customs Union of Kazakhstan, Russia and Belarus has begun operating since July 1. Kazakhstan also strives for membership in the World Trade Organization (WTO), where the country has an observer status. The negotiations on accession have been conducted for nearly 15 years.

Kazakh economist Magbat Spanov thinks that though the desire of joining various associations serve the image of the country, it is economically unjustified, as the membership in any organization involves a payment of membership dues.

"It does not worth hurrying to become a member of numerous organizations," Spanov told Trend. "It is better to start working on a substantial part in the bodies where Kazakhstan has been already represented. Though this inner work is less visible, but it will be much better for the country than loud statements."

He added that the work on WTO accession must be a priority, as it will give concrete benefits, namely, improving the delivery of Kazakh goods to the world markets, increasing its competitiveness, developing entrepreneurship in Kazakhstan, attracting investments and ensuring economic growth.

Mummery said that Kazakhstan has a chance to join the OECD, but only if we talk about the long term prospect.

The requirements for joining the OECD are very strict. They include "the obligation to develop a pluralistic democracy based on the rule of law and respect for human rights, the adherence to the principles of an open market economy and the common goal of sustainable development."

"Although Kazakhstan has recently reached progress on several of these areas, but it is not enough to satisfy the requirements of joining the organization," Mummery added.

The OECD consists of 34 most developed countries, including most of the EU member-states. About 60 percent of world GDP falls to the share of the member-states.

The OECD carries out extensive analytical work, makes recommendations to member-countries and serves as a platform for multilateral negotiations on economic issues. The organization's activity is also associated with combating money laundering, tax evasion, corruption and bribery.

Azerbaijan plans to amend legislation to support local production
Azerbaijan plans to amend legislation to support local production
Weekly review of key developments in financing, agricultural sector of Azerbaijan
Weekly review of key developments in financing, agricultural sector of Azerbaijan
Weekly review of events in financial market of Azerbaijan
Weekly review of events in financial market of Azerbaijan
Loading Bars
Latest
Number of COVID-2019 cases across globe up by over 273,000 in past day - WHO
COVID-19 infection rate in Turkey increased since May, Koca warns
Iran's NirouChlor Company continues to export to European countries
Kazakhstan, Vietnam trade turnover down twofold
China to implement new construction project in Georgia
Russia's import of Turkish defense products grows despite pandemic
Africa's COVID-19 cases surpass 1.03 mln as death toll rises to 22,966
Erdogan says Turkey becomes 3rd to develop COVID-19 vaccines
Iranian Energy Exchange announces products for sale on August 10
Exit poll: Lukashenko winning 79.7% of votes at Belarus’ presidential election
All polling stations close in Belarus, vote count in progress
Azerbaijan plans to amend legislation to support local production
Greece registers highest daily tally of COVID 19 cases
Larsi border checkpoint employee tests positive for COVID-19 in Kakheti
Another 8 coronavirus-related fatalities registered in Kyrgyzstan
Bahar Azadi gold coin price falls in Iran
Turkey's domestic car project attracting global players' interest
2 civilians killed, 5 troopers injured as blast rocks western edge of Kabul city
Weekly review of key developments in financing, agricultural sector of Azerbaijan
Gov't allows 101 Georgian citizens to enter Turkey
Pandemic fuels e-commerce boom in Turkey
Kazakhstan's export to Poland slightly down amid COVID-19
Iran's South Pars Gas Company begin repairs
1 dead, at least 20 injured in Washington D.C. shooting
Weekly review of events in financial market of Azerbaijan
Presidential election in Belarus declared valid
Production of major Iranian steel companies up
Volume of wheat purchased in Iran's Markazi Province increases
Prime Minister of India to inaugurate submarine cable connectivity to Andaman & Nicobar Islands 10th August
India begins examination of plane's black box after deadly crash
Doctor infected with COVID-19 working in several clinics in Gori and Tbilisi
5 killed, dozens injured in Istanbul bus crash
Kyrgyzstan's total number of recoveries from COVID-19 surpasses 31,820
"TurAz Qartalı - 2020" exercises continue with participation of helicopters (PHOTO/VIDEO)
5.1-magnitude quake shakes west of Iran
Azerbaijan launches tobacco drying enterprise in Tovuz district (FOTO)
Iran declares amount of investment in Bushehr port
Iran reveals its COVID-19 data for August 9
Azerbaijan reports 308 new COVID-19 recoveries
Samsung remains most-used mobile device in Azerbaijan
Iran's Shahid Salimi TPP boosts its production
US expert: Development of Amulsar mine causes tremendous pollution of fresh-water resources in Caucasus
Turkey reports 1,172 new COVID-19 cases
Georgia reports 9 new cases of COVID-19, 4 recoveries
COVID-19-like pneumonia affected over 1,000 more Kazakhstanis, killing 15
Turnout at Belarus presidential election reaches 45.33%
Iran discloses volume of wheat purchased in Ardabil Province
Azerbaijani government to support entrepreneurs in digital infrastructure dev't
Iran reveals value of exports via Kermanshah Province to Iraq
Special Forces Units also involved in first stage of Azerbaijani-Turkish tactical exercises (PHOTO/VIDEO)
Saffron to be auctioned in Iran
Azerbaijan reveals daily crude oil production for July 2020
Early voting turnout at 41.7% in Belarus
Iranian currency rates for August 9
Polling stations at Belarus presidential election open at 8:00
Armenia violates ceasefire with Azerbaijan 28 times
Export of steel from Turkey abroad in 1H2020 shrinks
Geostat reveals inflation rates in Georgia in June 2020
South Africa's COVID-19 death toll exceeds 10,000
EU Ambassador: Uzbekistan is one of key countries in Europe-Asia Connectivity Strategy
New COVID-19 cases detected in Kazakhstan in past day
Esper: U.S. will cut troop levels in Afghanistan to 'less than 5,000'
Law enforcers regain control of Beirut’s center, ministries captured by protesters
Chinese mainland reports 23 new confirmed COVID-19 cases
Ukraine president says Kyiv staying out of U.S. internal politics, elections
U.S. sets record as coronavirus cases top 5 million
Twitter, TikTok held preliminary talks about potential combination: WSJ
Brazil surpasses 100,000 deaths, 3 mln cases of COVID-19
Trump signs orders to extend certain COVID-19 relief after Congress fails to reach deal
Turkey reports 1,172 new COVID-19 cases, 239,622 in total
Czech apartment fire kills 11, including three children
Moscow's death toll from confirmed coronavirus cases rises by 12 to 4,572 - crisis center
WHO reports one-day surge in coronavirus cases by over 284,000
Plane crashes in Portuguese-Spanish joint fire operation, one killed
Lebanese PM says only way out of crisis is holding early elections: statement
Over 230 injured in Beirut protests - Lebanese Red Cross Society
Ireland reports highest number of new COVID-19 cases since early May
Beirut explosion death toll rises to 158, over 6,000 injured: Health ministry
Android goes on being most popular operation system in Azerbaijan
Turkey records decline in carpet export in 1H2020
Official: Epidemiological situation in Georgia is manageable and under control
Iranian mayors express readiness to help Beirut after blast
Kazakhstan sends military medical team to Lebanon after Beirut blast
Protesters storm Lebanon's Foreign Ministry
Oil spill threatens ecological disaster as Mauritius declares emergency
Belarus reports 124 new COVID-19 cases, total reaches 68,738
Azerbaijani president congratulates president of Singapore
Azerbaijani MFA: Armenia is making attempts to illegally resettle Armenians from Middle East to Azerbaijan's Nagorno-Karabakh and adjacent regions
Iran declares amount of funds to be paid for construction of Ardabil-Mianeh railway
Iran Red Crescent delivers 15 tons of food to Lebanon Red Cross
Turkey to allocate Port of Mersin for Beirut's use, top Turkish official says
PM Gakharia: Georgia ready for NATO membership
Libya reports 200 new COVID-19 cases
Weekly review of Azerbaijani currency market (Aug. 3-7)
Iran announces balance of bank loans
Total COVID-19 recoveries number exceeds 30,000 in Azerbaijan
Uzbekistan's capital to establish co-op with Japan's Nagoya city
Georgia becomes net importer of apples in 2019/2020 season
Iran's parliament to review stock exchange, foreign currency rates
Ferrero to purchase hazelnuts from Georgian Hazelnut Producers Association
All news