ASIATODAY.ID, JAKARTA – The Organization for Economic Co-operation and Development (OECD) Council has decided to open accession discussions with Indonesia, Wednesday, February 20 2024.
The decision follows an assessment by OECD members based on the evidence-based Framework for the Consideration of Prospective Members.
The decision to open accession discussions is also a continuation of Indonesia’s increased involvement and cooperation as one of the OECD’s Main Partner countries since 2007. As a forum that emphasizes the importance of collaboration and developing global standards, the OECD itself has now become a strategic partner for the Government in its efforts to create national policies that are progressive and globally accepted.
“Today’s decision by OECD Members is historic. Indonesia’s submission is the first in Southeast Asia (ASEAN), one of the world’s most dynamic growing regions. “As the largest economy in Southeast Asia and the third largest democracy in the world, Indonesia is a significant global player, providing important leadership in the region and beyond,” said OECD Secretary General Mathias Cormann.
Furthermore, Secretary General Cormann said that the decision to open accession discussions would provide benefits for Indonesia’s OECD.
Through accession discussions, the OECD hopes to provide support for Indonesia in continuing its reform efforts to achieve its vision of becoming a developed country with a per capita income of at least $30,300 by 2045.
In addition, Secretary General Cormann also hopes that Indonesia’s involvement in the accession process will also help strengthen the OECD’s global relevance and impact.
In line with this, the Coordinating Minister for the Indonesian Economy, Airlangga Hartarto, has also said that the accession process is expected to be a catalyst to encourage an increase in Indonesia’s per capita income.
Apart from that, Indonesia’s membership and alignment of regulations with OECD standards are also expected to have a positive impact on the general public, such as increasing investment value, encouraging Micro, Small and Medium Enterprises to become global players, and improving the quality of human resources.
“We also hope that OECD accession can support the Indonesian Government’s priority programs, including the green economy, digitalization, human resource development, good governance, and encouraging Indonesia to quickly escape the middle-income trap,” said Airlangga.
Airlangga also said that written support for Indonesia’s accession process had been obtained from Australia, Japan, Germany and Slovakia.
Furthermore, Secretary General Cormann said that a draft accession road map for the technical review process would be prepared together with the Government of the Republic of Indonesia for consideration by the OECD Council at its next meeting. Covering a wide range of policy areas and focusing on a number of priority issues such as open trade and investment, public governance, integrity and anti-corruption efforts, as well as environmental protection and efforts to address climate change, the technical review process will be carried out to pay attention to the alignment of national regulations with OECD standards. (AT Network)
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