Zelenskyy discusses rebuilding of Ukraine and prospect of its membership with OECD Secretary General

President Volodymyr Zelenskyy has had a meeting with Mathias Cormann, the Secretary General of the Organisation for Economic Co-operation and Development (OECD) who came to Ukraine with a visit.

Source: President’s Office of Ukraine

Details: Zelenskyy highly appreciated the news about opening the OECD office in Ukraine, which will become an important step in the cooperation with this organisation.

The President invited the representatives of the organisation to join the process of rebuilding Ukraine.

The parties discussed, among other things, the creation of a tax system that will be appealing to businesses during the post-war recovery of Ukraine.

As Zelenskyy believes, an advantageous taxation system will be of particular importance for attracting private capital to rebuild the country.

The parties agreed to prepare and implement, with the involvement of OECD experts, a tax model in Ukraine that will create competitive advantages and special incentives for doing business in Ukraine during the recovery period.

Zelenskyy also invited the OECD team to join the development and implementation of the concept of confiscation of Russian assets in the Organisation's member states.

The parties discussed the prospects of Ukraine's accession to the OECD.

The Ukrainian President noted that the country had recently received an official letter from the Organisation for Economic Co-operation and Development confirming the granting of the status of a member of the Working Group on Combating Bribery in International Business Transactions. And now Mathias Cormann has been handed a letter of response.

Zelenskyy thanked the OECD for admitting Ukraine's membership prospects.

For his part, Cormann said his visit was a sign of solidarity with Ukraine and its people, who suffered terrible human losses, destruction of infrastructure and housing due to Russia's unprovoked and unjustified aggression.

"But we all admire how brave, courageous and determined Ukrainians are to defend their independence and democracy," said the OECD Secretary-General.

Cormann praised the reforms being implemented in Ukraine despite all the security challenges and stressed the further support for Kyiv.

Quote: "Together we will implement a program aimed at facilitating Ukraine's accession to our Organization. Ukraine is enhancing its participation in the work of our bodies, and I am pleased to receive a letter regarding participation in our Working Group on Bribery," the OECD Secretary-General summarised.

Background: Starting from 1 March, the Office of the Organisation for Economic Co-operation and Development (OECD) will start its work in Kyiv.

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