Jakarta (ANTARA) - Indonesia has begun drafting an initial memorandum to be submitted to the Organization for Economic Cooperation and Development (OECD) as part of its accession to full membership in the organization.

Deputy Minister of Finance Suahasil Nazara made the statement after accompanying President Joko Widodo to meet with OECD Secretary General Mathias Cormann at the Presidential Palace in Bogor, West Java, on Tuesday.

"We will work with the OECD under the direction of Mr. President, Mr. Vice President, and Mr. Coordinating Minister for Economy to prepare an initial memorandum," he stated in a video on the official YouTube channel of the Presidential Secretariat.

He said that the contents of the initial memorandum are Indonesia's assessment of its situation.

He remarked that the initial memorandum became part of the accession process to gain full membership in the OECD since Indonesia had participated as a partner country in 2007.

Apart from that, Indonesia also became a co-chair with Japan in starting the OECD program for the Southeast Asia Regional Program in 2014.

Nazara stated that Indonesia is starting the process of becoming a full member of the OECD this year.

"We hope that this initial memorandum will be a tool for Indonesia to convey to the world what Indonesia has done for us to carry out economic reform," he remarked.

He expressed his belief that Indonesia's membership in the OECD will be an added source of pride, not only for Indonesia but also for the organization.

Coordinating Minister for Economic Affairs, Airlangga Hartarto, earlier stated that the initial memorandum covered 26 sectors in the OECD steering committee.

The memorandum prepared includes the financial, economic, anti-corruption, healthy competition, consumer policy, digital economy, and technology policy sectors.

Hartarto stated that in the accession process, Indonesia was obliged to submit an initial memorandum to meet the standards and requirements for OECD membership.

He explained that the document contained detailed information regarding economic policies, government practices, and the country's legal framework.

The accession process not only focused on adjusting policies and regulations but also involved a comprehensive assessment by the OECD, he added.

The assessment aims to ensure that Indonesia is ready to become part of an international community that collaborates in various economic, social, political, and environmental fields.

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Translator: Andi Firdaus, Cindy Frishanti Octavia
Editor: Anton Santoso
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