The outcome document contains commitments and aspirations of the participants of the Conference, namely the establishment of the Center of Excellence for Creative Economy in Indonesia. The Center of Excellence will function as a platform for creative economic stakeholders from around the world to connect ideas, resources, information, and business concepts.
"In this era of globalization and advanced technology, the creative industry has become a game changer. As one of the most dynamic sectors, creative economy contributes significantly to the economic growth in many countries," the Chairman of Indonesian Agency for Creative Economy (Bekraf), Triawan Munaf stated.
For Indonesia, the creative economy sector has contributed to more than 7.4 percent of Indonesia`s Gross Domestic Product (GDP). The creative economy industry has absorbed nearly 17 million workers, which are 14 percent of the total workforce, and more than 54 percent of creative economy workers are women.
Go-Jek, Traveloka, Tokopedia, and Buka Lapak are Indonesian startups with "unicorn" status, or companies that have assets worth one US$1 billion or more. Experts on Creative Economy have predicted that Indonesia will produce more "unicorns" in the future.
In the WCCE 2018, several Memorandum of Understanding (MoU) were signed, both on a national and international scale. It is hoped that the MoU signing will strengthen more inclusive collaboration between all stakeholders to encourage greater access to creative economic sectors in various regions in Indonesia at a global level.
The government of Indonesia believed that it is important for creative economy to have global attention since creative economy is believed to be one of most effective tools which can help countries meet their commitments under the Sustainable Development Goals 2030.
The results of the WCCE 2018 will be a landmark in mainstreaming creative economic issues in the multilateral realm towards the plan to propose a draft resolution on world creative economy, which has entered the era of 4.0, at the United Nations General Assembly in the future.
WCCE is recognized as an attractive global platform for the creative economy industry. The participants from various countries applauded Indonesia`s initiative to hold the WCCE event. On the occasion, the United Arab Emirates proposed to host the next WCCE event, which is planned to be held on 2020.
Indonesia`s Minister for Foreign Affairs, Retno LP Marsudi, and Chairman of Bekraf, Triawan Munaf, officially opened the first WCCE in Nusa Dua, Bali, on Wednesday (Nov 7).
Initiated by the Ministry of Foreign Affairs and the Indonesian Agency for Creative Economy (Bekraf), WCCE is the first of its kind, a conference on creative economy that gathers all related stakeholders of creative economy, including academics, business, community, government, and media.