Seeking OECD membership & Indonesia reviews economic policies, Indonesia is poised to embark on
a comprehensive review of its economic policies as it endeavors to secure membership in the Organisation for Economic Co-operation and Development (OECD), announced a senior minister
in Jakarta on Wednesday.
Indonesia has set an ambitious target to attain OECD membership within the span of three years. This goal comes after the Paris-based organization initiated accession discussions with Indonesia in February.
Jakarta aims for OECD membership to stimulate increased investment and trade agreements for Southeast Asia’s largest economy.
The OECD, comprising over 30 member nations, serves as an international organization offering
guidance to its members on a wide array of public policy matters, spanning social, economic, and environmental issues.
Indonesian authorities plan to conduct policy reviews across more than two dozen areas,
encompassing taxation, the digital economy, and anti-corruption regulations, among others, to
ensure alignment with OECD standards. This announcement was made by the country’s chief
economic minister, Airlangga Hartarto, during a press conference held at a workshop inaugurating
the accession process.
Speaking alongside Airlangga at the launch, OECD Secretary General Mathias Cormann pledged
to support Indonesia’s efforts to expedite the accession process, though he said the country’s self-
set time table was ambitious.
“Let’s go as fast as possible but let’s also take the time necessary to ensure the reforms that are
being pursued as part of this process have the necessary public support and can be sustainable over
time and can generally deliver all the benefits we want to achieve for the people of Indonesia,”
Cormann said.
