Indonesia is taking steps to become a member of the Organisation for Economic Co-operation and Development (OECD), with hopes that the accession will drive investment and support the country's goal of achieving 8% economic growth. Coordinating Minister for Economic Affairs Airlangga Hartarto emphasized that joining the OECD aligns with President Prabowo Subianto’s vision for economic expansion through increased investment.

Speaking at the OECD Anti-Bribery Convention Technical Meeting in Jakarta (10/2/2025), Airlangga highlighted the significant role investment plays in economic development. He pointed out that global uncertainty requires Indonesia to strengthen regional partnerships, particularly in the Asia-Pacific. He mentioned that collaboration with ASEAN countries, Japan, and OECD members would be crucial in attracting foreign investment.

The OECD consists of 38 member states, representing around 80% of global trade activity. Among these, 33 nations are classified as developed economies, while the rest are emerging markets. Indonesia’s accession process requires fulfilling various commitments, including regulatory adjustments in financial policy, economic governance, anti-corruption measures, fair competition, consumer protection, digital economy, and technology policies.

Airlangga stated that the government is currently finalizing the initial memorandum, a key document outlining Indonesia’s readiness for OECD membership. This document comprises 32 chapters covering 239 legal instruments related to the organization’s standards. He expressed optimism that the accession process, which typically takes three to four years, could be completed within this timeframe.

The government is also preparing for an OECD ministerial meeting in March, which will focus on anti-corruption efforts. Airlangga expects that representatives from the Ministry of Law and the Corruption Eradication Commission (KPK) will attend, demonstrating Indonesia’s commitment to OECD principles.

By joining the OECD, Indonesia aims to enhance its investment climate, strengthen economic ties with global partners, and create a stable foundation for long-term growth. The move is expected to position Indonesia as a more attractive destination for investors, ensuring sustainable economic development in the years ahead.

SOURCE: DETIK, IDX CHANNEL

PHOTO: THE JAKARTA POST

This article was created with AI assistance.