Challenges and benefits of the accession process –

Transcript:Challenges and benefits of the accession process –:
Challenges and benefits of the accession process – the experience of Lithuania Donatas Tamulaitis Objectives Accession to the OECD/review in 21 committee Review and improvement of national investment regime Safeguarding certain measures Prudential safeguards EU legislation Other reasons Coordination of the accession Reservations withdrawn during accession, CLCM Reservations withdrawn during accession, CLCIO 6. Legal amendments 1) Law on Markets in Financial Instruments 2) Law on Patent Attorneys 3) Law on Private Security 4) Law on Acquisition of Agricultural Land 5) Law of Banks 6) Law on Merchant Shipping 7) Law on Bar 8) The Constitutional Law of the Republic of Lithuania on the Implementation of Paragraph 3 of Article 47 of the Constitution of the Republic of Lithuania 9) Law on Enterprises and Facilities of Strategic Importance to National Security and other Enterprises of Importance to Ensuring National Security 10) Law on Markets in Financial Instruments( II) Challenges Lack of expertise Short deadlines Shortage of personnel Coordination among government agencies Turbulent political environment Benefits Clean up of legislation removing unnecessary provisions Substantial amendments in legislation Liberalization of investment regime Improved understanding of the Codes, international investment regulation Improved understanding about our own investment regime Increased transparency for investors Helps to attract FDI /TBC Positive review in the Committee allowed us to move forward towards accession to OECD