Jakarta (ANTARA) - Trade Minister Zulkifli Hasan highlighted the acceleration of Indonesia's accession to the International Organization for Economic Cooperation and Development (OECD) full membership in a meeting with the organization's Secretary-General Mathias Cormann in Osaka, Japan.

In the meeting that took place on Saturday (October 28), Minister Hasan sought to expedite the accession process, while noting that OECD should become a more inclusive organization that involves many developing countries.

"We are expecting support, so the accession of Indonesia to the OECD will run smoothly and quickly. In our view, the membership of the OECD should be more inclusive, involving the participation of more developing countries," he noted in a statement released in Jakarta on Sunday.

By becoming a full member of the organization, Indonesia will become one of the decisive parties that direct the development of global trade and economy.

Earlier, President Joko Widodo has pushed for immediate accession of Indonesia to the OECD. In response, Coordinating Minister for Economic Affairs Airlangga Hartarto has sent a letter to Secretary-General Cormann, conveying Indonesia's aspiration.

Indonesia's dream of becoming a member of the OECD has been well-received by several members of the organization, such as Japan, Chile, the United Kingdom, Norway, Australia, the United States, and France.

The trade minister warmly welcomed the countries' positive response to Indonesia's bid to become a full member of the OECD.

In the efforts to succeed in the accession, Indonesia is currently reviewing the standards/guidelines of the OECD that are relevant to national regulations, while forming a special team that will be tasked with managing the accession process.

"In the trade sector, Indonesia's full membership in the OECD is expected to encourage the enhancement of the quality of trade policies." Hasan pointed out.

On the other hand, the OECD will benefit from Indonesia's membership, as the country can be a representation of the Global South and the emerging economies, he added.

The OECD, encompassing 38 countries, is an intergovernmental organization that aims for the realization of a resilient, clean, and fair global economy.

As a full member of the organization, Indonesia will gain several benefits, including support for domestic reformation through access to experts, data and statistics, exchange of best practices, and peer review.

A success in becoming an OECD member will also help Indonesia further improve its reputation as a promising country for quality and sustainable investment.

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Translator: Maria Cicilia, Tegar Nurfitra
Editor: Sri Haryati
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