Jakarta (ANTARA) - Minister of Investment/Head of the Indonesia Investment Coordinating Board (BKPM) Bahlil Lahadalia urged the United Nations Conference on Trade and Development (UNCTAD) to support Indonesia's chairmanship for ASEAN 2023.

This was conveyed by Lahadalia during the courtesy meeting with Secretary-General of UNCTAD Rebeca Grynspan in Davos, Switzerland, on Tuesday (Jan 17).

"Collaboration between the Ministry of Investment and UNCTAD has resulted in the Bali Compendium that was launched at the G20 Summit and has become an important legacy of Indonesia's chairmanship of the G20. In future, we hope that UNCTAD can support Indonesia's chairmanship for ASEAN in 2023. There may be a lot of things to discuss," Lahadalia noted in an official statement in Jakarta, Wednesday.

A meeting between Lahadalia and Grynspan was held in order to appreciate the collaboration of UNCTAD at the G20 Indonesia Presidency in 2022, especially for investment priority issues in the Trade, Investment, and Industry Working Group (TIIWG).

Lahadalia underlined one of the results from the G20 Summit held in Bali on November 2022, the Leaders' Declaration in paragraph 37 that emphasized the importance of collaboration among Micro, Small, and Medium Enterprises (MSMEs).

"I thank UNCTAD regarding the incoming investment that must be in collaboration between national entrepreneurs and MSMEs. UNCTAD is able to play a role in becoming a mediator in connecting developing countries and developed countries. If there was no UNCTAD, there will be no paragraph 37 in yesterday's communiqué. Once again, from the bottom of my heart, representing the Government of Indonesia, I appreciate it all," he stated.

Minister also expressed optimism that the collaboration between the Ministry of Invesment/BKPM and UNCTAD can be carried out in other international forums, including at Indonesia's chairmanship for ASEAN in 2023 and during the launch of the UNCTAD ASEAN Investment Report 2023, collaboration at the ASEAN Investment Area Council Meeting, and involvement in the ASEAN Coordinating Committee on Investment.

UNCTAD Secretary-General Rebeca Grynspan expressed willingness to support Indonesia's chairmanship for ASEAN in 2023. According to Grynspan, Indonesia carried out its leadership in the G20 very well, as was apparent from it achieving the Bali consensus, among others.

"Regarding Indonesia's chairmanship for ASEAN in 2023, UNCTAD is ready to give full support as we did with the G20. The Bali Consensus is something that many people doubt can happen. Of course, this success is a follow-up to the success of the Trade, Investment, and Industry Working Group. Indonesia offers a concrete and useful policy solution for all of us. Thank you, we will continue to work together and guarantee that we will provide a good plan for the progress of Indonesia and developing countries," Grynspan stated.

UNCTAD was formed in 1964 to encourage the spirit of developing countries to bring out the idea of an economic order that demanded an alternative to the international system of the General Agreement of Tariffs and Trade (GATT) and Bretton Woods that was dominated by developed countries.

Related news: Investment Ministry releases G20 Bali Compendium
Related news: Optimistic of reaching investment target if political stability good
Related news: Indonesia encourages ASEAN to be anchor of global stability: Hartarto

Translator: Cindy Frishanti Octavia
Editor: Sri Haryati
Copyright © ANTARA 2023