OECD makes hun­dreds of rec­om­men­da­tions

Kathimerini English - - Focus - DIMITRA MANIFAVA

The third so-called tool­kit that the Or­ga­ni­za­tion for Eco­nomic Co­op­er­a­tion and De­vel­op­ment (OECD) has pre­pared to help im­prove com­pe­ti­tion in the Greek mar­ket was for­mally de­liv­ered to the govern­ment on Mon­day and contains 356 rec­om­men­da­tions. The to­tal ben­e­fit for the econ­omy, if all of the or­ga­ni­za­tion’s rec­om­men­da­tions are im­ple­mented, will come to 414 mil­lion eu­ros ac­cord­ing to con­ser­va­tive es­ti­mates.

The sec­tors cov­ered in this lat­est as­sess­ment by the OECD were on­line com­merce, con- struc­tion, mass me­dia, phar­ma­ceu­ti­cals, whole­sale com­merce and chem­i­cal prod­ucts man­u­fac­tur­ing.

Ac­cord­ing to Greece’s com­mit­ments in the bailout agree­ment with its cred­i­tors, the rec­om­men­da­tions in the tool­kit will have to be im­ple­mented by the end of the year, which ap­pears prac­ti­cally im­pos­si­ble. “It would take a gi­gan­tic ef­fort for the pro­posed re­forms to be im­ple­mented within dead­line,” for­mer econ­omy min­is­ter Gior­gos Stathakis, who is now en­ergy min­is­ter, said upon re­ceiv­ing the tool­kit from OECD Deputy Sec­re­tary-Gen­eral Rin­taro Ta­maki.

It is noted that there some mi­nor rec­om­men­da­tions are still pend­ing from the first and sec­ond tool­kits, de­liv­ered in Novem­ber 2013 and Jan­uary 2015.

In the con­text of the third tool­kit, the OECD as­sessed 1,288 laws and iden­ti­fied 577 reg­u­la­tory ob­sta­cles which stem from the Greek leg­isla­tive frame­work. The OECD study cost 1.3 mil­lion eu­ros and was funded in its en­tirety by the Euro­pean Com­mis­sion.

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