TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Prabowo sees ‘no problem’ with joining OECD and BRICS
During his state visit to the US, the President said Indonesia was looking at fully benefiting from any multilateral organizations it might join, and that seeking membership in both the OECD and BRICS was in the cards.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
United States President Joe Biden (right) hosts a meeting with Indonesian President Prabowo Subianto on Nov. 13, 2024, in the Oval Office of the White House in Washington, DC. (JP/Deni Ghifari)
P
resident Prabowo Subianto says he seeks to maximize what Indonesia can gain from its membership in multilateral organizations, such as the Organisation for Economic Co-operation and Development (OECD) and the BRICS group of emerging economies.
During the final hours of a work visit to the United States, Prabowo told reporters there was “no problem” in joining both the OECD and BRICS, an acronym derived from founding countries Brazil, Russia, India and China and early member South Africa.
“Yes, we are joining several groups. For our economy, we want to look for the best opportunities. We have to think about the welfare of our people, right?” Prabowo said on Wednesday in Washington, DC.
He said Indonesia was also looking into joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement between 11 countries including Australia and four ASEAN member states, and the Indo-Pacific Economic Framework for Prosperity (IPEF), launched by President Joe Biden two years ago.
Both the CPTPP and the IPEF are perceived as efforts to curtail China’s influence in the Asia-Pacific.
Indonesia has entertained the idea of joining the OECD since 2022, and the organization kicked off the country’s accession process earlier this year. BRICS founding member Brazil also seeks to join the OECD.
Given that most of its member countries are developed economies, the OECD is sometimes referred to as the “rich countries’ club”.
