OECD chief: Israel - an example for other members

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 President Shimon Peres met OECD Secretary General Jose Angel Gurria in Paris on Friday, and they jointly presented an initiative to establish an international organization comprising multinational companies to address the economic needs of developing countries in the Middle East and elsewhere.

 During the meeting, Gurria praised Israel, saying that it had always been an economic and technological leader, and that it was one of the leading OECD member states. "Israel has become an important contributor to the OECD’s work," said Gurria. He said that Israel was an example to other countries in economics, high-tech, and research, and that since becoming a member, Israel had been an asset to the OECD.

 Peres declared that key problems in the Middle East were instability, terrorism, and unemployment, and that the new program would provide a response to hunger and lack of jobs in the region. Under the proposal, the OECD will provide international coordination to support multinationals' projects for economic investment, development, the construction of infrastructures, and innovative technologies in countries in the region.

 "Israel is an example that the key to prosperity and economic independence doesnot lie in natural resources, but in investment in technology and high tech," said Peres. "Israel will be happy to share its accumulated knowledge in technology, renewable energy, and agriculture, and lead within the OECD international initiatives that will provide technological solutions, communications infrastructures, and health solutions for the Middle East and developing countries."