Finance minister Pierre Gramegna (DP) SIP/LUC DEFLORENNE
The Organisation for Economic Co-operation and Development held its 60th meeting on 5 and 6 October in Paris, chaired by the United States, with Luxembourg and South Korea taking up the vice-presidential spots.
Luxembourg was represented by foreign affairs minister Jean Asselborn, finance minister Pierre Gramegna and economy minister Franz Fayot. In his remarks at the introductory session Gramegna welcomed the enlargement of the OECD and the continued inclusion of countries that share its fundamental values. He highlighted the importance of multilateralism and the need to cooperate when it comes to green transition, digital transition and social inclusion.
Gramegna also chaired a session on Green finance for carbon neutrality aiming to define the role of the OECD in supporting convergence and interoperability of sustainable finance standards. Later on, the finance minister reiterated Luxembourg’s support for the framework agreement on international tax reform dedicated to address the tax challenges linked to the digitalisation of the economy
Asselborn and Gramegna had a bilateral meeting with John Kerry, the United States’ special envoy for climate. They took stock of efforts by both countries to combat climate change. In particular, they touched on financing and the role of the private sector in mobilising necessary investments.
Participating in the first plenary session on “shared values” Asselborn warned against the rise of populism, the challenges linked to disinformation, corruption and attacks on judicial independence.
"Protecting the rule of law and the principles of good governance are not only noble objectives, but are an integral part of any credible exit strategy from the current crisis," said the foreign affairs minister.
(from l. to r.) Franz Fayot, Minister of the Economy; John Kerry, Special Envoy of the President of the United States of America for Climate Change (chairing the council meeting at ministerial level) SIP/LUC DEFLORENNE
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(from left to right) Christos Staikouras, Minister of Finance of the Hellenic Republic; Pierre Gramegna, Minister of Finance SIP/LUC DEFLORENNE
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(from left to right) Pierre Gramegna, Minister of Finance; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); Jose W. Fernandez, Deputy Secretary of the United States of America for the Economy, Energy and the Environment SIP/LUC DEFLORENNE
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(from left to right) Maurer Ueli, Minister of Finance of the Swiss Confederation; Pierre Gramegna, Minister of Finance SIP/LUC DEFLORENNE
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(from left to right) Pascal Saint-Amans, Director of the Centre for Tax Policy and Administration (CTPA); Pierre Gramegna, Minister of Finance SIP/LUC DEFLORENNE
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(from l. to r.) Franz Fayot, Minister of the Economy; John Kerry, Special Envoy of the President of the United States of America on Climate Change (chairing the Council meeting at ministerial level) SIP/LUC DEFLORENNE
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(l-r) n.c.; Franz Fayot, Minister for the Economy; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); Jean Asselborn, Minister for Foreign and European Affairs; Pierre Gramegna, Minister for Finance SIP/LUC DEFLORENNE
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(L-R) Antony Blinken, Secretary of State of the United States of America and Chair of the Ministerial Council Meeting; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); Pierre Gramegna, Minister of Finance SIP/LUC DEFLORENNE
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Finance minister Pierre Gramegna (DP) SIP/LUC DEFLORENNE
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(L-R) Antony Blinken, Secretary of State of the United States of America and Chair of the Ministerial Council Meeting; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); Pierre Gramegna, Minister of Finance; Chung Eui-yong, Deputy Prime Minister of the Republic of Korea SIP/LUC DEFLORENNE
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Chung Eui-yong, Deputy Prime Minister of the Republic of Korea SIP/LUC DEFLORENNE
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Antony Blinken, Secretary of State of the United States of America and chair of the ministerial-level council meeting SIP/LUC DEFLORENNE
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(L-R) Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); Antony Blinken, Secretary of State of the United States of America and Chair of the Ministerial Council Meeting SIP/LUC DEFLORENNE
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Antony Blinken, Secretary of State of the United States of America and chair of the ministerial-level council meeting SIP/LUC DEFLORENNE
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(L-R) Antony Blinken, Secretary of State of the United States of America and Chair of the Ministerial Council Meeting; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); Chung Eui-yong, Deputy Prime Minister of the Republic of Korea; Pierre Gramegna, Minister of Finance SIP/LUC DEFLORENNE
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(L-R) Antony Blinken, Secretary of State of the United States of America and Chair of the Ministerial Council Meeting; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); Chung Eui-yong, Deputy Prime Minister of the Republic of Korea; Pierre Gramegna, Minister of Finance SIP/LUC DEFLORENNE
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Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD) SIP/LUC DEFLORENNE
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(L-R) Pierre Gramegna, Minister of Finance; Antony Blinken, Secretary of State of the United States of America and Chair of the Ministerial Council Meeting; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); Chung Eui-yong, Deputy Prime Minister of the Republic of Korea SIP/LUC DEFLORENNE
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(L-R) Pierre Gramegna, Minister of Finance; Antony Blinken, Secretary of State of the United States of America and Chair of the Ministerial Council Meeting; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); Chung Eui-yong, Deputy Prime Minister of the Republic of Korea SIP/LUC DEFLORENNE
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(from left to right) Pierre Gramegna, Minister of Finance; Jean Asselborn, Minister of Foreign and European Affairs; Franz Fayot, Minister of the Economy; Jean-Louis Thill, Director of European Affairs and International Economic Relations, Ministry of Foreign and European Affairs; Tom Sullivan; Matt Murray, Senior Bureau Official in the Bureau of Economic and Business Affairs (EB); Whitney Baird, Chargé d'Affaires ai. of the U.S. Mission to the OECD; Antony Blinken, Secretary of State of the United States of America and Chair of the Ministerial Council Meeting; Jose W. Fernandez, Deputy Secretary of the United States of America for the Economy, Energy and the Environment SIP/LUC DEFLORENNE
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Antony Blinken, Secretary of State of the United States of America and chair of the ministerial-level council meeting SIP/LUC DEFLORENNE
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(from left to right) Franz Fayot, Minister of the Economy; n.c. Pierre Gramegna, Minister of Finance; Antony Blinken, Secretary of State of the United States of America and Chair of the Ministerial Council Meeting; Matt Murray, Senior Bureau Official in the Bureau of Economic and Business Affairs (EB); Whitney Baird, Chargé d'Affaires of the United States Mission to the OECD SIP/LUC DEFLORENNE
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(from l. to r.) Jean Asselborn, Minister for Foreign and European Affairs; Antony Blinken, Secretary of State of the United States of America and Chair of the Council meeting at ministerial level SIP/LUC DEFLORENNE
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(from l. to r.) Jean Asselborn, Minister for Foreign and European Affairs; Antony Blinken, Secretary of State of the United States of America and Chair of the Council meeting at ministerial level
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(from l. to r.) Jean Asselborn, Minister for Foreign and European Affairs; Antony Blinken, Secretary of State of the United States of America and Chair of the Council meeting at ministerial level SIP/LUC DEFLORENNE
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(from left to right) n.c. Serge Allegrezza, Director of STATEC, in charge of the Luxembourg Strategy Directorate, Ministry of the Economy; Franz Fayot, Minister of the Economy; Jean Asselborn, Minister of Foreign and European Affairs; Martine Schommer, Ambassador of the Grand Duchy of Luxembourg in Paris; Pierre Gramegna, Minister of Finance; Chung Eui-yong, Deputy Prime Minister of the Republic of Korea; Whitney Baird, Chargé d'affaires of the United States Mission to the OECD; Jose W. Fernandez, Under Secretary of the United States of America for the Economy, Energy and the Environment SIP/LUC DEFLORENNE
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(from left to right) David Levingston, Adviser to the Special Envoy of the President of the United States of America on Climate Change; John Kerry, Special Envoy of the President of the United States of America on Climate Change; Jean Asselborn, Minister for Foreign and European Affairs; Pierre Gramegna, Minister for Finance; Martine Schommer, Ambassador of the Grand Duchy of Luxembourg in Paris SIP/LUC DEFLORENNE
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(from left to right) Pierre Gramegna, Minister of Finance; John Kerry, Special Envoy of the President of the United States of America on Climate Change; Jean Asselborn, Minister for Foreign and European Affairs SIP/LUC DEFLORENNE
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(from l. to r.) Carlo Fassbinder, Director, Tax Directorate, Ministry of Finance; Franz Fayot, Minister of the Economy; Pierre Gramegna, Minister of Finance; Martine Schommer, Ambassador of the Grand Duchy of Luxembourg in Paris; n. c.; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); n.c.; Laurence Boone, Chief Economist of the Organisation for Economic Co-operation and Development (OECD)Translated with www.DeepL.com/Translator (free version) SIP/LUC DEFLORENNE
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(from left to right) n.c.; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); n.c.; Carlo Fassbinder, Director, Tax Directorate, Ministry of Finance; Franz Fayot, Minister of the Economy; Pierre Gramegna, Minister of Finance; Martine Schommer, Ambassador of the Grand Duchy of Luxembourg in Paris SIP/LUC DEFLORENNE
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(from left to right) Pierre Gramegna, Minister of Finance; Mathias Cormann, Secretary General of the Organisation for Economic Co-operation and Development (OECD); Franz Fayot, Minister for the Economy SIP/LUC DEFLORENNE
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(from left to right) Jose W. Fernandez, the Under Secretary of the United States of America for the Economy, Energy and the Environment; Pierre Gramegna, Minister of Finance SIP/LUC DEFLORENNE
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(L-R) Tom Theobald, Director of Financial Market Development and Promotion, Ministry of Finance; Pierre Gramegna, Minister of FinanceÂ; Matt Murray, Senior Bureau Official in the Bureau of Economic and Business Affairs (EB); Jose W. Fernandez, the Under Secretary of the United States of America for the Economy, Energy and the Environment SIP/LUC DEFLORENNE
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(L-R) Carlo Fassbinder, Director, Tax Directorate, Ministry of Finance; Pierre Gramegna, Minister of Finance; Matt Murray, Senior Bureau Official in the Bureau of Economic and Business Affairs (EB); Jose W. Fernandez, the United States Under Secretary for the Economy, Energy and the Environment SIP/LUC DEFLORENNE
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(from left to right. ) Franz Fayot, Minister for the Economy; Giulia Spalletti, Competitiveness Observatory, Luxembourg Strategy Directorate, Ministry for the Economy ; Natalia Radichevskaia, Counsellor, Permanent Representation of the Grand Duchy of Luxembourg to the Organisation for Economic Co-operation and Development (OECD); Laurence Boone, Chief Economist, Organisation for Economic Co-operation and Development (OECD)Translated with www.DeepL.com/Translator (free version) SIP/LUC DEFLORENNE
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(from left to right) John Kerry, Special Envoy of the President of the United States of America for Climate Change; Jean Asselborn, Minister for Foreign and European Affairs; Pierre Gramegna, Minister for Finance SIP/LUC DEFLORENNE
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Asselborn also met with South Korean foreign affairs minister Eui-Yong Chung. Their bilateral meeting was an opportunity to take stock of relations between the two countries and to discuss ways of strengthening economic and diplomatic ties.
During the second day of the OECD’s meeting, a session on reducing greenhouse gas emission was held. Economy minister Fayot called on member countries to analyse the costs of adapting to climate change by 2050. He highlighted that an important part of the solution to climate change is the development of new green technologies. "It is also important to encourage private sector investment while changing our production and consumption patterns to make them more sustainable and circular," said Fayot.