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OECD Council Meetings at Ministerial Level

Meeting of the OECD Council at the MinisterialLevel in May 1995

TheCouncil of the OECD met on 23 and 24 May 1995 at Ministerial level. Themeeting was chaired by Mr. Pedro Solbes, Minister of Economics and Finance,Mr. Javier Gomez-N avarro, Minister of Trade and Tourism, and Mr. JavierSolana, Minister of Foreign Affairs, of Spain. Vice-Chairmen were Mr. YoheiKono, Deputy Prime Minister, Minister for Foreign Affairs, Mr.Ryutaro Hashimoto, Minister of International Trade and Industry, andMr. Masahiko Komura, Minister of State for Economic Planning, of Japan, andMr. Sigbjorn Johnsen, Minister of Finance, and Mrs. Grete Knudsen, Minister ofTrade and Shipping, of Norway. Prior to the meeting, the Chairman ledconsultations wit h the Business and Industry Advisory Committee (BIAC) andthe Trade Union Advisory Committee (TUAC) to the OECD; bothorganisations submitted statements for the consideration of Ministers.

Significant economic recovery has been achieved in most OECD economies sinceMinisters met in 1994. Inflation is low and there is growing evidence ofdeclining unemployment, although unemployment rates remain unacceptably highin a number of countries. OECD governments seek sustainable development and non-inflationary growth. A good mix of economic, social and environmentalpolicies, when consistent with budget restraint, will create jobs,bring prosperity and strengthen our societies.


Building on these developments, and theinterrelationships world-wide among economic development, tradeliberalisation, technological advances, employment growth,environmental protection and social cohesion, Ministers undertake toco-operate in the following strategy:< /i>

In vi ew of globalinterdependence and the continuing importance of development co-operation,Ministers commit to:


Tofacilitate the implementation of the strategy outlined above, Ministersrequest the OECD to:

Aimed at strengthening themultilateral system, Ministers invite the OECD to:

In an increasingly interdependentworld, Ministers request the OECD to:

Ministers call upon the OECD to establish clearpriorities in its work in order to make t he best use of availableresources. They consider that the OECD is well equipped to face newchallenges. The Organisation is characterised by a proven capacity forpolicy analysis based on broadly-shared political, economic and social views.It also has an ability to adapt its activities when new needsarise.

Source: OECD Press Release. Copyright OECD 1995.Reproduced by permission of the Organisation for Economic Co-operationand Development.

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