Description
This high-level opening session of the OECD 2026 Ministerial Council Meeting on 3 June 2026 set the stage for two days of cross-country discussions under the theme of “Getting industrial policies right for open markets, growth and prosperity”. Bringing OECD members and partners together, with delegates representing 59 countries and the European Union, the two-day meeting focused primarily on how industrial strategies can guide technological development and economic growth while preserving open markets and competition. Uniquely positioned to support countries with its data, expertise and its role as a trusted platform for peer learning and dialogue, the OECD works with government to get industrial policy right so it can make the best possible contribution to long-term growth, jobs, affordability and economic security.
Chapters
00:00:29 Welcome and opening announcements
00:03:00 Alexander Stubb – President of Finland (opening remarks)
00:06:47 Transition and introduction of OECD Secretary-General
00:07:02 Mathias Cormann – Secretary-General, OECD
00:20:28 Petteri Orpo – Prime Minister of Finland (MCM Chair address)
00:21:33 Surprise segment – Santa Claus appearance
00:30:47 Introduction of Vice Chairs
00:31:11 Chang Huh – Korea (MCM Vice Chair)
00:39:38 Todd McClay – New Zealand (MCM Vice Chair)
00:44:48 Taras Kachka – Ukraine (Deputy Prime Minister)
00:50:52 End of opening speakers / transition
00:51:25 LAC Programme 10-Year Anniversary segment (introduction)
00:55:33 Mathias Cormann – LAC programme remarks
00:59:21 Indiana Trejos Gallo – Costa Rica (Minister of Foreign Trade)
01:04:27 Valeria Csukasi – Uruguay (Deputy Minister of Foreign Affairs)
01:06:54 Susana Sumelzo – Spain (Secretary of State remarks)
01:09:45 Group photo – LAC delegations
01:11:26 End of opening ceremony
What you will learn in this replay
What is the main goal of discussions on industrial policy at the 2026 OECD Ministerial Council Meeting?
To help governments to get industrial policies right to support long-term growth and prosperity while preserving open markets and rules-based trade.
Why is industrial policy at the centre of the policy debate?
Governments are increasingly using industrial policy to strengthen competitiveness, enhance economic security and build resilience to economic shocks at a time of profound transformation in the global economic landscape.
What are the key considerations for effective industrial policy?
Carefully designed industrial policy that balances objectives and impacts can help countries respond to supply chain concerns, adapt to technological change and create new economic opportunities. Poorly designed policies, on the other hand, can distort markets, weaken competition, waste public money and drive costly subsidy races.
Why is international co-operation essential for effective industrial policy?
Because no country can effectively secure supply chains, technological leadership or energy transitions alone.
What is the main takeaway on industrial policy?
The difference between success and failure lies in how well industrial policy is designed and implemented. Well-functioning markets and open rules-based trade remain the most effective foundation for industrial success. Therefore, good industrial policy works with the market, not against the market.
