OECD ministerial meeting kicks off in Paris

The Organisation for Economic Co-operation and Development has kicked off its ministerial meeting in Paris. Its main focus is how to bring about global economic recovery from the coronavirus pandemic.

The 38-member OECD commemorates 60 years since its establishment this year. Representatives began the two-day talks on Tuesday.

OECD Secretary-General Mathias Cormann opened the session with a keynote address. He called on member countries to reaffirm their shared values and principles.

US Secretary of State Antony Blinken, who chairs the meeting, said that the United States is ready to work with other members to build consensus.

The members will discuss how they can cooperate in dealing with such issues as climate change and digital transformation, which they say is key to bringing global economic recovery.

The delegates are scheduled to issue a statement on Wednesday.

The members are also expected to seek agreement on a global minimum corporate tax rate of at least 15 percent and the introduction of new rules to tax multinational companies.