3 days ago
Indonesia submits key document in bid to join Organisation for Economic Co-operation and Development
JAKARTA (Bernama) -- Indonesia has formally submitted its Initial Memorandum to the Organisation for Economic Co-operation and Development (OECD), one year after the country received its accession roadmap at the 2024 Ministerial Council Meeting (MCM).
Coordinating Minister for Economic Affairs Airlangga Hartarto led the country's delegation to Paris from June 2 to 5 to attend the OECD MCM, the ministry said in a statement on Tuesday.
Airlangga, who heads the country's OECD Accession National Team, handed over the document to OECD secretary-general Matthias Cormann on Monday, marking a major milestone in its bid to join the 38-member bloc.
"The completion of the Initial Memorandum within one year reflects our strong national commitment to OECD accession,' he said, while acknowledging that the path ahead remains "a long marathon' requiring continued engagement with OECD committees.
According to the ministry, the Initial Memorandum outlines Indonesia's self-assessment of its compliance with OECD standards across 32 chapters and 240 legal instruments.
Its drafting involved 64 ministries and agencies across 26 sectors and eight cross-sectoral areas, under Presidential Decree No. 17/2024 and Ministerial Decree No. 232/2024, the ministry added.
The OECD, founded in 1961 and headquartered in Paris, provides a platform for member countries to develop evidence-based policies, share best practices and address global economic, social, and environmental challenges. - Bernama
