In 1992 radical economic reforms were launched for switching over to a market economy, including privatisation and currency reform. Estonia has been a member of the WTO since 13 November 1999. Estonian foreign policy since independence has been oriented toward the West, and in 2004 Estonia joined both the European Union and NATO. On 9 December 2010, Estonia became a member of OECD. On 1 January 2011, Estonia joined the eurozone and adopted the EU single currency as the first former Soviet Union state. Estonia was elected as a member of the UN Security Council 2020–21.