ASIATODAY.ID, JAKARTA – The Organization for Economic Co-operation and Development (OECD) has not yet decided on Indonesia’s membership in the organization. The reason is, the OECD still needs some information about Indonesia’s readiness.
In this context, Secretary General of the Organization for Economic Co-operation and Development (OECD) Mathias Cormann met the President of the Republic of Indonesia Joko Widodo (Jokowi) at the Bogor Presidential Palace, West Java, Tuesday, 28 May 2024.
The meeting between President Jokowi and Secretary General Cormann, among other things, discussed the continuation of Indonesia’s accession process to become a full member of the OECD.
“Today’s meeting is the second meeting between President Joko Widodo and OECD Secretary General Cormann regarding Indonesia’s accession process, the first meeting was in August 2023. The purpose of this meeting is to provide the latest information regarding updates regarding the accession process and the steps that must be taken or it needs to be taken by the Indonesian government,” said the Coordinating Minister for the Indonesian Economy, Airlangga Hartarto.
In this effort, Airlangga said that President Jokowi had formed a National Team for Preparation and Acceleration of Indonesia’s Membership in the Organization for Economic Co-operation and Development (OECD). The OECD National Team consists of directors, implementers and secretariat. The team is led by the Coordinating Minister for Economic Affairs assisted by the Minister of Finance and the Minister of Foreign Affairs.
Based on President Jokowi’s direction, this team is committed to realizing full Indonesian membership within 3 years.
“Earlier the President said that we will form a team for this and will also encourage that OECD accession is integrated with Indonesia’s Medium Term Development Plan,” he said.
He also ensured that Indonesia would do the necessary things to achieve full OECD membership, including making an initial memorandum within the next 250 days.
Furthermore, Airlangga said that the OECD would conduct a survey of Indonesia’s economic conditions. This was done in order to increase investment capacity in Indonesia so that it can be on par with countries that are members of the OECD.
“This is one form of OECD support for how to improve the investment climate and how Indonesia can become a country that is equal to OECD countries in developing regulations so that investors will be comfortable to increase investment in Indonesia,” he said.
Meanwhile, Deputy Minister of Finance Suahasil Nazara hopes that the preparation of the initial memorandum, which is one of the conditions for Indonesia’s full membership in the OECD, can provide an overview of the economic reforms that have been carried out by Indonesia.
“We hope that this initial memorandum will be a tool for Indonesia to convey to the world what Indonesia has done for us to carry out reforms in the Indonesian economy. “I am sure that Indonesia’s membership will be an added source of pride not only for Indonesia but also for the OECD,” he concluded. (AT Network)
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