Preparations for the OECD Ministerial Council Meeting are in full swing

Last update: 30.01.2019 08:47

Deputy Prime Minister and Finance Minister Peter Kažimír continues his working visit of the Republic of Korea. In Seoul, the Minister met his Korean counterpart – Deputy Prime Minister and Finance Minister Hong Nam – ki and together they focused on the preparation of the OECD Ministerial Council Meeting (MCM), which will take place in Paris in May. For the first time in history, Slovakia is the presiding country of this organisation and has chosen the Republic of Korea and Canada as its vice-chairs.

The topic of the Slovak presidency is the exploitation of the potential of digitisation and modern technologies for sustainable growth of the economy. During their meeting, both Ministers appreciated the preparations of the OECD MCM meeting that had been made so far. “This visit proves that our countries are committed to ensuring a successful presidency of the OECD which aims to point out the potential, risks and socio-economic changes related to the digitisation of the global economy,” Minister of Finance P. Kažimír said.

Slovakia chose the Republic of Korea to be one of its two vice-chairs for several reasons. The Republic of Korea is one of the most important foreign investors in Slovakia, is a member of the G20 and is also one of the global digital leaders, which corresponds to the topic of our presidency.

On the other hand, Slovakia is the 4th largest export market in the EU for the Republic of Korea, and around 100 South Korean companies in total have already invested in production in the SR, in particular in the automotive and electronics sectors. The largest Korean investor in the SR is Kia Motors Corp., followed by Samsung Electronics. 

The working visit of Deputy Prime Minister P. Kažimír will continue in Canada, where he will meet representatives of the Canadian government, including Diversification of International Business Minister James Gordon Carr. The next step in the preparations for the OECD MCM meeting in May will be the visit of Secretary-General of the OECD Angel Gurría to Slovakia next week. Subsequently, ambassadors of all OECD Member States will meet in Bratislava in early April and the Slovak presidency will culminate with the Ministerial Council Meeting in Paris in May.

Press Department
Ministry of Finance of the Slovak Republic