Finance Minister Yuval Steinitz announced Sunday that the Organization of Economic Cooperation (OECD) will not cancel its tourism conference set to be held in Jerusalem.

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The OECD warned earlier that it would cancel the conference in response to statements made by Tourism Minister Stas Misezhnikov implying that the OECD's decision to hold the conference in Jerusalem means it recognizes the city as the capital of Israel.

In an Army Radio interview Sunday, Steinitz stated that he met with the OECD's Secretary General Angel Gurria on Saturday in Washington where the two agreed to keep the conference in Jerusalem.

"The OECD does not deal with politics, security, or diplomacy," Steinitz said. "We agreed that the conference would not be canceled and would take place in Jerusalem, but would not engage in political issues regarding the conflict or negotiations between us and the Palestinians."

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