The support is stipulated in the joint statement document between President Joe Biden and Indonesian President Prabowo Subianto published by the White House on the whitehouse.gov website on Tuesday (November 12) local time.
"The OECD provides a pathway to faster and higher quality economic growth through stronger and more accountable policy," the White House statement said, as quoted here on Wednesday.
As the accession process is underway, the US looks forward to working with the Indonesian government to ensure it successfully aligns with OECD standards and best practices, including supporting Indonesia as it undertakes all necessary economic, governance, trade, and labor reforms.
The two leaders also expressed their commitment to a rules-based international trading system and recognized the importance of multilateral institutions and norms that promote free and fair trade.
According to the statement, both leaders pledged to advance dialogue and consultations in settling World Trade Organization (WTO) disputes.
Furthermore, President Prabowo and President Biden acknowledged the essential role of diverse and resilient critical mineral supply chains to bolster the manufacturing sector and economic growth in both nations and support the global clean energy transition.
Moreover, they affirmed their commitment to developing a critical minerals supply chain in both countries through a mutually beneficial partnership that promotes principles of sustainable development, including strong environmental and labor standards.
To achieve this, they pledged to expedite ongoing discussions on critical minerals.
Related news: New chapter in US-Indonesia relations as Prabowo visits White House
Related news: OJK, OECD collaborate to enhance financial education initiatives
Translator: Andi F, Kenzu
Editor: Rahmad Nasution
Copyright © ANTARA 2024
