Coordinating Minister for Economic Affairs Airlangga Hartarto said that an OECD membership is important for Indonesia to develop better policy standards.
"We hope that by joining the OECD, we can develop better policy for better life. So, the policy we take is global, and this is for the benefit of the community," he added.
He delivered the remarks at a workshop and technical discussion entitled "Supporting Indonesia in Fighting Foreign Bribery: Towards Accession to the OECD Anti-Bribery Convention" here on Monday.
Currently, the accession process has entered the stage of compiling 32 chapters of the initial memorandum document, which is an assessment of the conformity of Indonesian regulations with 239 legal instruments of the OECD.
The process has to be carried out by each sector in keeping with the requirements of the OECD Committee, including the anti-corruption sector, which is being coordinated by the Corruption Eradication Commission (KPK) and the Indonesian National Police (Polri).
"So, this is basically how to realign regulations against legal documents that exist with us and those in the OECD," the minister explained.
"Therefore, some countries take longer time. However, we have a strategy that we have done before, namely the Omnibus Law. So, there are two ways; one is ratification, two is by carrying out the Omnibus Law on things that are considered important," he said.
"We hope that the submission of the initial memorandum will be completed in the first quarter and can be brought to the OECD Ministerial Council meeting in June 2025," he added.
He then expressed his gratitude to all OECD countries, including Japan, which supported Indonesia by initiating a workshop on combating foreign bribery.
He said he hopes that the workshop will provide momentum to efforts to build commitment for a cleaner, more transparent, and more integrated Indonesia.
Hartarto also expressed the hope that KPK Chairperson Setyo Budiyanto and Coordinating Minister for Law, Human Rights, Immigration, and Corrections, Yusril Ihza Mahendra, will make their ministries the leading institutions in the transparency and fair economy sectors.
Under the vision of Golden Indonesia 2045, he said, the country is aiming to become one of the world's ten-largest economies.
Based on the current purchasing power parity (PPP) in the IMF report, Indonesia is ranked 8 with a USD4.8 trillion economy, Hartarto said.
Meanwhile, based on gross domestic product (GDP) data, Indonesia's GDP per capita approached USD5 thousand in 2024.
"Of course, we hope we can increase it in 2030 above USD12 thousand. With our PPP, which is above several other countries, it is true that Indonesia is on the radar to access the OECD," he said.
Furthermore, by joining the OECD, Indonesia expects to attract more investment and thereby, achieve the eight-percent economic growth targeted by President Prabowo Subianto's administration.
"With us having a good investment climate—not only domestic but also international—we hope that investment can increase in Indonesia," he said.
"Moreover, with today's global uncertainty, of course, we must strengthen our friends in the Asia-Pacific, including ASEAN countries and Japan, as well as our friends at the OECD," he added.
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Translator: Bayu Saputra, Yashinta Difa
Editor: Rahmad Nasution
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