TheJakartaPost
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Indonesia needs to adopt a two-pronged approach in reforming its regulations and market within a coherent strategy to become an attractive destination for high-tech industries amid fierce competition among ASEAN states.
The Coordinating Economic Ministry, as the focal point in the national team for Indonesia's preparation and acceleration of membership in the Organization for Economic Cooperation and Development (OECD National Team), held a workshop on the OECD accession process in Jakarta on Wednesday (29/05). Several ministries and institutions involved in the accession process also participated in the event. The involvement of these ministries and institutions is crucial to managing the various opportunities and challenges that will be faced during the accession process.
Playing a crucial role in driving economic transformation toward the realization of Indonesia's Vision 2045, the government's efforts to strengthen international cooperation through its intention to join the Organisation for Economic Co-operation and Development (OECD) are increasingly showing certainty, with various stages progressing optimally.
The global economic conditions, still marked by various challenges, have led several international institutions to project global economic growth in 2024 of around 3 percent year-on-year (yoy). Nevertheless, Indonesia's economic fundamentals continue to show stability, strengthening and stabilizing the country's resilience to global shocks. Indonesia's economic growth in the first quarter of 2024 was recorded at 5.11 percent yoy, with the inflation rate in April 2024 maintained within the target range of 2.5 + 1 percent, at 3 percent yoy.
Representing the Indonesian government, Coordinating Economic Minister Airlangga Hartarto received the road map for Indonesia's Organisation for Economic Co-operation and Development (OECD) membership accession, at the opening of the OECD Ministerial Level Meeting in Paris on Thursday.
