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Russia could start talks on OECD entry before joining WTO -Gref

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Russia could start talks on its accession to the Organization for Economic Cooperation and Development (OECD) before joining the world trade club, the Russian economics minister said Sunday.
KAZAN, May 20 (RIA Novosti) - Russia could start talks on its accession to the Organization for Economic Cooperation and Development (OECD) before joining the world trade club, the Russian economics minister said Sunday.

Russia, which is also seeking accession to the World Trade Organization, was invited to take part in the talks at the OECD's annual ministerial meeting in Paris, France, May 16.

"We agreed that the parties would coordinate a roadmap for Russia's accession talks," German Gref said after a meeting with Angel Gurria, the OECD secretary general.

Established in 1948 to coordinate post-war European reconstruction aid under the Marshall Plan, the OECD has evolved into a mechanism for maintaining the financial stability of its member states and promoting international trade.

Russia's involvement with the organization formally dates back to 1990, when an OECD Development Center was established to coordinate relations with transition economies. In 1994, a cooperation agreement was signed between the OECD and the Russian Federation, formalizing those relations.

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