Ref. :  000018433
Date :  2005-05-04
Language :  English
Home Page / The whole website
fr / es / de / po / en

OECD Ministerial Council Meeting, 3-4 May 2005, Chair’s Summary

The meeting was chaired by Göran Persson, Prime Minister of Sweden.The vice chairs were Samuel Bodman, US Secretary of Energy and Nobutaka Machimura, Minister of Foreign Affairs, Japan.

Author :  OCDE / OECD

Enabling Globalisation

1. Sweden had the great privilege of chairing the OECD Ministerial Council Meeting 2005. The unifying theme was “Enabling globalisation” – one of the most important challenges of our time. Globalisation is both inevitable and desirable. Our task is to make it inclusive and sustainable, seizing the opportunities of open markets, while addressing the needs of those who risk being left behind. Our deliberations showed willingness to shoulder shared responsibility to enable a globalisation that benefits all.

2. Ministers stressed the need to use all relevant policy instruments in a coherent manner, to foster growth and sustainable development, facilitate investment in energy, push ahead with structural reforms, reduce poverty and ensure a successful outcome of the Doha Development Agenda – all important items for the coming summits the G8, the UN and the WTO. We look to the OECD to strengthen further its role in meeting these challenges.

3. Our discussions with non-OECD economies were enriching. We also benefited from dialogue with the Business and Industry Advisory Committee and the Trade Union Advisory Committee to the OECD, and broader civil society at the OECD Forum.

The Economic Outlook

4. Ministers noted that growth was strong overall last year, despite rapidly rising oil prices. Low interest rates helped. So did globalisation, with trade growing vigorously, especially in Asia, and heightened competition helping to contain inflationary pressures. The expansion has somewhat weakened recently as higher energy prices and exchange rate shifts worked their way through. Economic growth should regain momentum later this year, however, and become more balanced across countries.

5. Some tensions and risks persist. A prominent one pertains to oil prices. Enduring external and internal imbalances also overshadow the outlook, in the form of widening current account gaps, large fiscal deficits and possibly stretched valuations in some asset markets. While the imbalances may well unwind smoothly, including via some exchange rate adjustments, some turbulence cannot be ruled out. Persevering with structural reform, however, will help absorb any such disruption.

6. Ministers reiterated the fundamental importance of achieving and maintaining sustainable public finances and recognised that this posed a challenge for most OECD countries, given current budget positions and mounting pressures from ageing populations.

7. Regarding the OECD Economic Surveys, APEC Ministers again called for equal treatment across countries and expressed their disappointment that the surveys still do not address the full range of EU policies.

Investing in Energy

8. Ministers noted the International Energy Agency’s estimate that $ 16 trillion in investment will be needed in the energy sector by 2030. In a business-as-usual scenario, the world energy demand and global carbon dioxide emissions will grow by 60 percent until 2030. It is necessary to do more to reduce the impact of increased energy demand on the environment and the climate.

9. Ministers stressed the need to tackle high and unstable energy prices. This requires action by both producers and consumers to affect demand and supply. Deepening dialogue with the oil producing countries and increased transparency are crucial for market stability.

10. Ministers underlined that sufficient supply of clean and affordable energy is crucial for economic and social development. Investment in energy technology and infrastructure must be directed towards sustainable, efficient technology with less negative climate impact. To this end we should promote:

* market-based policies and measures;
* transparent, stable and globally consistent mechanisms and frameworks for investment, transfer and dissemination of technology;
* research and development for a sustainable energy system; and
* collaboration between government and industry.

11. Enhanced energy and resource efficiency will stimulate growth, not impede it. Ministers stressed the need for further liberalisation of energy markets in order to improve competitiveness, efficiency and consumer choice. We should work in both OECD and non-OECD countries to eliminate harmful energy subsidies that needlessly distort the market.

12. Ministers recognised that developing countries must have equal access to the world’s energy resources through the market. We will also work together to bring modern energy services to the 1.6 billion people in the developing countries who lack them.

13. In the long run, innovation is key in limiting greenhouse gas emissions and securing an affordable and environmentally sustainable energy supply. Ministers will do their utmost to provide the right framework for developing and deploying new technologies.

Globalisation and Structural Adjustment

14. Ministers welcomed the OECD studies “Growth in Services” and “Trade and Structural Adjustment” and their policy messages. We agreed that globalisation is a positive force, while recognising that policies must be put in place to ensure that it benefits all. Globalisation in the long term is a truly ‘positive sum game’, provided that adjustment challenges for individuals, regions and countries are handled wisely.

15. We noted that a macroeconomic framework promoting stability and growth, social safety nets, an efficient regulatory framework, open trade and investment policies, human resource development, active labour market policies, life-long learning and innovation policies are crucial elements of structural adjustment. Some emphasised the need to formulate economically, socially and environmentally sustainable policies, as well as the need to change unsustainable production and consumption patterns.

16. The service sector has large untapped potential to increase employment, productivity and innovation. Reforming the service sector is essential to improve the foundations for future performance of OECD economies.

17. Ministers stressed the need to deepen the understanding of the impacts of globalisation in the OECD and non-OECD economies. We also need to study and share experience on best practices, on policy responses and on how to meet adjustment challenges. We welcomed the proposed follow-up study on globalisation and structural adjustment and urged the Council to proceed with its implementation.

Challenges of the Millennium Declaration and Monterrey Consensus

18. Ministers welcomed the OECD Statement on the follow-up to the UN Millennium Declaration and Monterrey Consensus, which will be transmitted to the United Nations for the Millennium Review Summit in September.

19. The Statement notably commits OECD countries to intensify efforts to meet the Millennium Development Goals on reducing poverty and hunger, achieving education for all and tackling AIDS and other diseases. It reaffirms commitments to increase aid and use it more effectively. Ministers stressed the importance of stable and predictable financial flows, the need for policy coherence, the importance of dialogue and a well-functioning multilateral system, and for the OECD to strengthen its partnership with developing countries and other international organisations.

20. A proposal by Japan to strengthen co-operation with African countries to raise private investment, both domestic and foreign, in their overall efforts to achieve the Millennium Development Goals received support. Such co-operation would be built on the existing OECD Initiative on Investment for Development.

Trade Negotiations under the Doha Development Agenda

21. Ministers called for a heightened sense of urgency to achieve an ambitious result from the Doha Development Agenda by the end of 2006, recognising that a successful conclusion of the negotiations would be a powerful engine for global growth, employment, development and poverty reduction. Time is short and there is much to do. There is a need to empower senior negotiators to bring the negotiations back on course. We commit to expedite the preparations for a successful WTO Ministerial Conference in Hong Kong in December. Results-oriented work is needed to produce a good basis in July for the ministerial meeting. There is no viable substitute for an effective multilateral trading system.

22. Ministers stressed the need for concrete and complementary progress over a range of key issues: agriculture, so-called Non Agricultural Market Access (mainly industrial products), services, trade facilitation and rules. The interest of developing countries had to be secured across the board. There is a particularly urgent need to advance negotiations on all agricultural issues, where tariff conversion problems need to be solved. We hope that progress being made here in Paris will reach fruition. We welcomed signs of convergence on a tariff reduction formula for NAMA, which would ensure substantial market openings while taking into account the capacity of individual WTO members. On services, we stressed the importance of meeting the May deadline to ensure a critical mass of commercially meaningful and improved offers, to supplement this process and devise appropriate benchmarks. We must now move beyond the status quo.

23. Ministers confirmed the need to strive for an ambitious outcome to revive the commitment to development. Developing countries’ interests and concerns must be properly reflected in the result from the Doha Development Agenda. Most tangible gains will come from improved market access, including through south-south trade. Enhanced technical assistance and capacity building, including to improve supply-side capacities and institution building, are crucial for developing countries to reap the gains from trade. Here OECD Member countries have a key role.

24. Ministers recognised that sound domestic policies are necessary to reap the full benefits of trade liberalisation. Governments therefore had to take appropriate domestic steps and ensure that structural adjustment was conducted in a socially responsible way. The OECD “Trade and Structural Adjustment Study” provided valuable analysis in this respect. Continued OECD trade policy dialogue with non-OECD economies was encouraged.

OECD Reforms

25. Ministers discussed the role of the OECD today and in the future. We stressed the need to maintain the renowned quality of OECD work throughout the reform process. We also agreed that momentum must be maintained in order to strengthen the relevance of the OECD as a leader in policy analysis and peer reviews, and as a pathfinder in establishing global norms and standards.

26. Ministers expressed strong support for the steps taken towards a more strategic co-operation with non-OECD economies, such as the new outreach programme with the Middle East and North Africa region. Ministers welcome the progress made on guiding principles for launching a Differentiated Engagement Strategy with key economic actors.

27. Another crucial step was the agreement to address how to improve governance, in particular to take account of the implications of future enlargement. Here Ministers encouraged the Council to establish a mechanism by the end of July 2005. Enlargement should not jeopardise the sound functioning of the OECD, but rather be an opportunity to strengthen the Organisation.

28. Ministers expressed their wish to see progress in the reform process in the next year to be reported by the Secretary-General at the Ministerial Council Meeting in 2006.

Rate this content
Average of 168 ratings 
Rating 2.58 / 4 MoyenMoyenMoyenMoyen
Same author:
 flecheObesity Update 2017
 flecheHow’s life?
 flecheBetter international co-ordination could lead to more worldwide benefits from migration
 flecheSingapore tops latest OECD PISA global education survey
 flecheCities will become inequality traps without better housing, transport policies
 flecheGrowing risk of social exclusion among early school leavers
 flecheThe Economic Consequences of Outdoor Air Pollution
 flecheCompare your country: International Migration
 flecheOECD International Migration Outlook 2016
 flecheGovernments must address anti-immigration backlash
 flecheAfrican Economic Outlook 2016
 flecheEnvironmental performance review of France 2016: France will need further effort to meet environmental goals
 flecheOECD Economic outlook
 flecheGlobal economy stuck in low-growth trap: Policymakers need to act to keep promises, OECD says in latest Economic Outlook
 flecheLending to SMEs and entrepreneurs is improving, but more diverse forms of financing are needed
 flecheWorld imports of fake goods worth nearly half a trillion USD a year
 flecheOECD study finds Britons will be paying a heavy “Brexit tax” for many years if UK leaves EU
 flecheDevelopment aid rises again in 2015, spending on refugees doubles
 flecheOECD countries confirm their drive to improve gender equality in public leadership
 flecheFlux de cocaïne
 flecheNew data show importance of quality as well as quantity of jobs and how both evolved during crisis
 flechePolitical finance needs tighter regulation and enforcement
 flecheA boost to transparency in international tax matters: 31 countries sign tax co-operation agreement to enable automatic sharing of country by country information
 flecheFurther reforms needed to tackle growing risk of pensioner poverty
 flecheSpain’s future prosperity depends on raising skill levels and removing barriers to employment
 flecheCountries should address disruptive effects of the digital economy
 flecheDiscrimination and poor job prospects hit children of immigrants
 flecheMore than 3 million German emigrants in OECD countries
 flecheAction is needed to secure future livelihoods in developed and emerging economies, says the OECD Development Centre
 flecheLow oil prices and monetary easing triggering modest acceleration of global recovery
 flecheEarly gender gaps drive career choices and employment opportunities
 flecheShifts in migration underline need for policy reform, says OECD
 flecheAsia/Pacific countries need to improve affordable access to healthcare, says OECD
 flecheComprehensive action needed to shift the global economy into higher gear, says OECD in latest Economic Outlook
 flechePoorer regions struggling to catch up in advanced economies, says OECD
 flecheOECD releases first BEPS recommendations to G20 for international approach to combat tax avoidance by multinationals
 flecheProgress made but Chile should better detect and thoroughly investigate foreign bribery, says OECD
 flecheAmbitious structural reforms can pave the return to strong and sustainable growth, OECD says
 flecheEmployment situation, third quarter 2013, OECD
 flecheLatin America: Tax revenues continue to rise, but are low and varied among countries, according to new OECD-ECLAC-CIAT report
 flecheAsian countries top OECD’s latest PISA survey on state of global education
 flecheOECD Employment Outlook
 flecheGlobal economy advancing but pace of recovery varies, says OECD Economic Outlook
 flecheGlobal economy is improving but Europe lags behind, says OECD
 flecheGlobal portal on product recalls
 flecheInternet firms driving information technology industry growth, says OECD
 flecheInternational Economic Forum on Africa (4 October 2012, Paris - France)
 flecheAgriculture: Increased productivity and a more sustainable food system will improve global food security OECD and FAO publish new Agricultural Outlook
 flecheEconomy: migration starting to rebound, says OECD
 flecheCreate Your Better Life Index
 flecheGrowth in health spending grinds to a halt
 flecheTowards Green Growth: Monitoring Progress - OECD Indicators
 flecheWater: Balancing demand
 flecheReducing inequality while boosting economic growth is possible, says OECD
 flecheEconomy: Global shocks to become more frequent, says OECD
 flecheEnvironment: Green and growth go together
 flecheKorea and Finland top OECD’s latest PISA survey of education performance
 flecheEnvironmental taxation can spur innovation, says OECD
 flecheHealth: OECD says governments must fight fat
 flecheOECD iLibrary: New platform delivers integrated access to OECD’s knowledge base
 flecheEconomy: Recovery slowing amid increased uncertainty, says interim economic assessment
 flecheDeveloping countries set to account for nearly 60% of world GDP by 2030, according to new estimates
 flecheEconomy : G20 keeps investment flows open, but continued vigilance needed, say OECD, UNCTAD
 flecheDevelopment aid rose in 2009 and most donors will meet 2010 aid targets
 flecheWater: The right price can encourage efficiency and investment
 flecheDonors’ mixed aid performance for 2010 sparks concern
 flecheSqueeze on public budgets boosting e-government, says OECD
 flecheGurría calls for ‘new generation’ of statistics to reinforce public confidence in government
 flecheOECD welcomes experts’ call on need for new measures of social progress
 flecheOECD Global Forum consolidates tax evasion revolution in advance of Pittsburgh
 flecheKeep doors open to migrant workers to meet long-term labour needs, says OECD
 flecheOECD Teaching and Learning International Survey (TALIS)
 flecheDevelopment Aid at its highest level ever in 2008
 fleche10th OECD forum (23-24 june 2009, Paris)
 flecheCrisis is an opportunity to revive trade reforms, says OECD report
 flecheRebalancing the world Economy: OECD development co-operation report 2009
 flecheOECD composite leading indicators fall to lowest levels since 1970s
 flecheIncome inequality and poverty rising in most OECD countries
 flecheFinancial centres become more transparent, but information exchange remains a problem for some
 flecheTailor immigration policies to future needs, says OECD
 flecheBiofuel policies in OECD countries costly and ineffective, says report
 flecheLabour market discrimination still a big problem in OECD countries
 flecheFarm policy reform urgent amid rising world food prices
 flecheOECD-FAO Agricultural Outlook 2008-2017 - Highlights
 flecheOECD countries stay open to commercial investments by sovereign wealth funds
 flecheDebt Relief is down: other ODA rises slightly
 flecheOECD Environmental Outlook to 2030 - Summary
 fleche2008 OECD Environmental Outlook - How much will it cost to address today's key environmental problems?
 flecheHelping immigrants integrate better into society must become a priority, says OECD Secretary-General
 flecheGovernments must do more to help workers adapt to new global economy, says OECD
 flecheOECD Employment Outlook - 2007 Edition - Summary
 flecheOECD Employment Outlook 2007 - Statistical Annex
 flecheIntergenerational Transmission of Disadvantage: Mobility or Immobility across Generations? A Review of the Evidence for OECD Countries
 flecheInternational migration to OECD countries continues to grow in response to labour needs
 flecheReport "Giving Knowledge for Free: The Emergence of Open Educational Resources"
 flecheOpen Educational Resources bring new opportunities, challenges
 flecheOECD annual ministerial meeting to discuss globalisation, innovation and trade (Paris on 15-16 May 2007)
 flecheOECD warns against reform complacency as new report highlights priorities for action
 flecheThe Euro area - will the recovery last?
 flecheOECD Global Forum on International Investment “Enhancing the investment climate: the case of infrastructure”
 flecheMore OECD countries focusing on early childhood as key to education success
 flecheThe Gender, Institutions and Development Data Base
 flecheOECD-FAO Agricultural Outlook - 2006-2015
 flecheAfrican Economic Outlook 2005/2006: Economic prospects improve in much of Africa, though transportation remains a problem
 flecheOECD Forum 2006 : "Balacing Globalisation" (Paris, 22-23 May 2006)
 flecheL’OCDE incite les pouvoirs publics et l’industrie à intensifier la lutte contre le spam
 flecheMinisters look to integrate environment protection with development aid 3 - 5 April at OECD headquarters
 flecheLes élèves qui maîtrisent l’informatique obtiennent de meilleurs scores à l'école
 flecheOECD Handbook on Economic Globalisation Indicators
 flecheConference on the future digital economy: digital content creation, distribution and access (30-31 January 2006, Rome - Italy)
 flecheOECD and the WTO Hong Kong Ministerial Conference
 flecheLess robust than meets the eye?
 flecheOECD urges freer trade combined with structural adjustment to reap benefits from globalisation
 flecheGlobal scientific research project launched to improve understanding of the human brain
 flecheEconomic Survey of the Euro Area 2005
 flecheOECD countries warn of continuing shortfalls in insurance coverage against terrorism
 flecheOECD urges governments to work with social partners on teacher policy
 flecheOECD urges more dynamic employment policies as response to globalisation
 flecheAgriculture export competition will intensify, with rising share of trade by developing countries
 flecheHigh-Level Meeting of the OECD Committee for Agriculture, 14-15 June 2005 - Chair Franz Fischler's Summary
 flecheBrazil, China, India and South Africa to tackle food and agriculture challenges with OECD
 flecheOECD environmental performance review of France - A positive but demanding assessment
 flecheCentral Asia since 1991 - The Experience of the New Independent States
 flecheLand, Violent Conflict and Development
 flecheThe Impact of Social Institutions on the Economic Role of Women in Developing Countries
 flecheLa condition des femmes en Inde, Kenya, Soudan et Tunisie
 flecheDecentralisation and Poverty in Developing Countries: Exploring the Impact
 flecheData base on immigrants and expatriates
 flecheDonnées environnementales
 flecheStructure and Trends in International Trade in Services
 flecheWorld trade / 2002- 2004
 flecheOECD Releases New GDP Comparisons Based on 2002 Purchasing Power Parities
 flecheJohnston, Donald J.
 flecheOECD Governments, Insurers Clarify the Definition of Terrorism for Insurance Purposes
 flecheCT Access now Widespread but Laggard Users Risk New Digital Divide, Warns OECD
 flechePISA 2003
 flecheTop-performer Finland improves further in PISA survey as gap between countries widens
 flecheBhagwati, Jagdish
 flecheTruly global
 flecheOECD's Environmental Performance Review of Sweden
 flecheOECD International Trade Statistics - Trends in Second Quarter 2004
 flecheEducation Levels Rising in OECD Countries but Low Attainment Still Hampers Some
 flecheOECD Economic Outlook - may 2004
 flecheAnalyse des politiques d'éducation
 flecheOECD Task Force to Coordinate Fight against Spam
 flecheFrance Needs More Regulatory Reform to Strengthen its Economy, Says OECD
 flecheOECD Countries are not on Track to Meet their Environmental Commitments
 flecheEnvironment Ministers to Meet at OECD 19-21 April 2004
 flecheOECD Backs Broadband for Economic and Social Development
 flecheActivites de lutte contre la corruption en Europe de l'Est et central
 flecheScience, Technology and Innovation for the 21st Century. Meeting of the OECD Committee for Scientific and Technological Policy at Ministerial Level, 29-30 January 2004
 flecheDeclaration by the Heads of the IMF, OECD and World Bank
 flecheOECD Report Warns of Growing Risk of Teacher Shortages in OECD Countries
 flecheCompetition in the spotlight
 flecheL'OCDE incite les gouvernements à rendre leurs systèmes fiscaux plus efficaces
Keywords   go
Translate this page Traduire par Google Translate

Share on Facebook
Partager sur Twitter
Share on Google+Google + Share on LinkedInLinkedIn
Partager sur MessengerMessenger Partager sur BloggerBlogger
Other items
where is published this article: