Jakarta (ANTARA News) - The Indonesian Agency for Creative Economy (Bekraf) will hold the first ever "World Conference on Creative Economy" (WCCE) in Nusa Dua, Bali, on November 6-8, 2018.

"Indonesia will host a `World Conference on Creative Economy` in Bali. Since this idea was launched last year by Bekraf, preparations are almost 95 percent complete," Bekraf`s Director of Foreign Relations, Kartika Candra Negara, stated here on Friday.

Negara explained that the WCCE is a conference held to discuss issues and challenges pertaining to the creative economy.

He remarked that WCCE will be attended by the creative economy stakeholders from some 50 countries representing various regions in this world.

Moreover, there will be participants representing international organizations, such as WIPO and UNCTAD ITC. These stakeholders along with academicians and those from business, community, bureaucracy, and media backgrounds will attend WCCE to be held at the Bali Nusa Dua Convention Centre.

"This conference involves all circles that are strategic components that should unite to advance the creative economy," Chandra remarked.

Based on the theme of "Inclusively Creative," WCCE will discuss five main issues: social cohesion, regulations, marketing, ecosystem, and financing.

Concerning the issue of social cohesion, a panel discussion will be held on ways in which creative economy can provide equal opportunities for all, how cross-cultural exchanges through creative economy can reinforce social cohesion to unite people, and how the internet of things (IoT), among contemporary digital changes, can help break down barriers for entrepreneurship.

Another panel will be focused on regulatory frameworks dedicated to creating an enabling environment for creative economy and on protection and promotion of intellectual property and supporting the financing system. A panel discussion will also be held to highlight the potential of untapped markets and effective marketing strategies.

Moreover, a panel will discuss the role of small and medium enterprises, including startups, in the development of the creative economy. It will identify their values, constraints, and the need to create an enabling environment, such as through creative cities, and provide necessary support for the talents through trainings and capacity building.

Furthermore, the conference will attempt to outline the future of creative economy that has brought a new era of inclusive business that provides equal opportunities to all stakeholders. It also bridges the communication gap and increases understanding between countries and cultures. With the growth of technology and increasing incomes from emerging economies, it is apparent that the creative economy will become the future of the global economy.

Reporting by Yuni Arisandy
Editing by Suharto

Reporter: antara
Editor: Heru Purwanto
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