Latvia

Latvia's accession to the OECD

 

1 July 2016 - Latvia deposited its instrument of accession to the OECD Convention, thereby becoming a full member of the Organisation.

2 June 2016 - On the second day of the Ministerial meeting, the Secretary-General and the Prime Minister of Latvia signed the Agreement on the Terms of Accession of the Republic of Latvia to the Convention on the Organisation for Economic Co-operation and Development. Latvia will become a Member of the Organisation once it has taken the appropriate steps at the national level to accede to the OECD Convention and deposited its instrument of accession with the French government, depository of the OECD Convention.

11 May 2016 - The OECD issued an invitation to Latvia to become a member of the Organisation. The invitation resulted from the OECD Council's positive assessment of Latvia's position with respect to OECD legal instruments, standards and benchmarks.


March 2014 – April 2016
 - 21 OECD substantive committees and their subsidiary bodies conducted technical reviews of Latvia.  These reviews assessed (i) the willingness and ability of Latvia to implement substantive OECD legal instruments; and (ii) Latvia’s policies and practices as compared to OECD best policies and practices, in what amounts to an in-depth review of the candidate country in the relevant review areas.


5 May 2014
 - Latvia signed an Agreement on the Privileges and Immunities of the Organisation. The purpose of this agreement is to accord to the Organisation certain privileges and immunities to ensure its independence and proper functioning. The Agreement entered into force on 7 November 2014.


14 February 2014 - Latvia took an important first step in the accession process by submitting an Initial Memorandum which set out the country’s position on approximately 250 OECD legal instruments in force and included an assessment of the conformity of Latvia’s legislation, policies and practices with the instrument. This allowed the launch of the technical reviews in the 21 OECD committees listed in Latvia's Accession Roadmap.

 


Latvia's road to OECD membership in pictures

Latvia

2 June 2016 - OECD Secretary-General (read the remarks) and the Prime Minister of Latvia (Read the speech by the Prime Minister of Latvia)


9 December 2013
 - The “kick-off” mission of the OECD Secretariat to Latvia took place, marking the launch of the technical accession discussions.


12 November 2013 -Mr. Valdis Dombrovskis, Prime Minister of Latvia, visited the OECD and delivered a special address to the members of the OECD Council following the decision to open accession discussions with Latvia.


15 October 2013 - The OECD Council approved the Roadmap for the Accession of Latvia to the OECD Convention.  An accession roadmap sets out the terms, conditions and process for OECD accession.


29 May 2013
 - The OECD Council at Ministerial level decided to open accession discussions with Latvia.

 

For further information about Latvia's accession to the OECD and the benefits the OECD membership will bring, read our Q&As