​​​​​​​We hope that the OECD accession can support the Indonesian government’s priority programs, such as green economy, digitization, human resource development, good governance, as well as pushing Indonesia out of the middle-income trap.
Jakarta (ANTARA) - Coordinating Minister for Economic Affairs Airlangga Hartarto has said that gaining membership of the Organisation for Economic Co-operation and Development (OECD) will push Indonesia out of the middle-income trap.

Indonesia’s OECD accession will also support many of the government’s priority programs.

“We hope that the OECD accession can support the Indonesian government’s priority programs, such as green economy, digitization, human resource development, good governance, as well as pushing Indonesia out of the middle-income trap,” the coordinating minister said in Jakarta on Wednesday (February 21, 2024).

He further stated that the process would serve as a catalyst for increasing Indonesia’s per capita income.

As a member, Indonesia will need to adjust many policies to OECD standards.

Hartarto said that the adjustment of standards would generally have a positive impact on the community economy because it would help micro, small, and medium enterprises (MSMEs) to enter the global market.

Further, such standardization could improve Indonesia’s investment value and help develop its human resources, he added.

Meanwhile, OECD Secretary-General Mathias Cormann stated that the OECD member countries’ decision to open accession talks with Indonesia is a historic moment given that it has been the first Southeast Asian country to request them.

“As a country with the biggest economy in Southeast Asia and the third-biggest democracy in the world, Indonesia is a significant global player who provides a necessary leadership in the region and its surroundings,” he added.

He said that the OECD hopes that the decision to open accession talks would help Indonesia continue its reformation effort to achieve its vision of becoming a developed country with a per capita income of at least US$30,300 by 2045.

Cormann added that the draft accession road map regarding the technical review process of the alignment of domestic regulations with OECD standards will be jointly prepared with the Indonesian government. The document will later be reviewed by the OECD Council.Indonesia has been one of the OECD's main partner countries since 2007. The nation has obtained written support from Australia, Japan, Germany, and Slovakia on the accession process.

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Translator: Uyu Liman, Yuni Arisandy
Editor: Rahmad Nasution
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