Indonesia’s OECD Membership Proposal Has received Support from the Organization
Deputy Director of the Directorate for Financial and Enterprise Affairs, Nicolas Pinaud, has stated that Indonesia’s accession was only a matter of time because cooperation between the two parties has been going on since 2007.
“We hope that Indonesia will be the first Southeast Asian country to join the OECD. Indonesia’s accession to the OECD will benefit both parties,” pinaud said as quoted by CNBC.
He added that Indonesia’s membership in the OECD will be an crucial step in achieving the Golden Indonesia Vision 2045, were Indonesia targets status as a developed country.
“As the largest economy in Southeast Asia and a key player in the G20, APEC, and ASEAN, Indonesia’s contribution to the OECD will be invaluable,” he cited.Regulatory Reform
As part of the accession process, Indonesia needs to adjust various regulations to meet OECD standards, especially in economic governance and eradicating corruption. The government hopes that this step will not only accelerate accession, but also strengthen Indonesia’s competitiveness in the global economy.With Indonesia’s entry into the OECD, it is hoped that international investment and trade will increase, strengthening Indonesia’s position as the largest economy in the region.
IndonesiaS OECD Membership: An Interview with Nicolas Pinaud
Table of Contents
Indonesia’s journey toward OECD membership has been a focal point of international economic dialog. Deputy Director of the Directorate for Financial and Enterprise affairs, Nicolas Pinaud, recently shared insights on the importance of this potential accession and the steps necessary for Indonesia to join the esteemed institution.
Introduction to OECD Membership
Senior Editor, World-Today-News.com: Nicolas, can you provide an overview of Indonesia’s potential accession to the OECD? why is this a meaningful step for the country?
Nicolas pinaud: Certainly.Indonesia’s accession to the OECD is significant because it marks a crucial milestone in the country’s advancement. We hope that Indonesia will be the first Southeast asian country to join the OECD. Indonesia’s accession will benefit both Idaho and the OECD as the nations can share their expertise and experiences to promote economic growth and sustainability Globally.
The Need for Regulatory Reform
Senior Editor,World-Today-News.com: Can you detail the reforms Indonesia must undertake to meet OECD standards?
Nicolas Pinaud: Indonesia needs to adjust various regulations to meet OECD standards,especially in economic governance and eradicating corruption. These reforms are essential to strengthen the country’s competitiveness in the global economy and align with the high standards set by the OECD. We believe these steps will not only facilitate Indonesia’s accession but also instill confidence in international investors.
Benefitting Indonesia and the OECD
Senior Editor,World-Today-News.com: How will indonesia’s membership benefit both Indonesia and the OECD?
Nicolas Pinaud: Indonesia is the largest economy in Southeast Asia and a key player in the G20, APEC, and ASEAN. Its accession will bring invaluable contributions to the OECD, as Indonesia’s experiences and insights can help shape global policies. Furthermore, it will enhance indonesia’s position as a leader in the region, fostering greater trade and investment.
strategic Vision for Development
Senior Editor, World-Today-News.com: How does the OECD accession fit into Indonesia’s Golden Vision 2045?
Nicolas Pinaud: The OECD membership is a cornerstone of Indonesia’s Golden Vision 2045, where the goal is to become a developed country. By aligning with OECD standards, Indonesia can advance its economic, social, and environmental policies, thereby achieving sustainable and inclusive growth.This vision will not only elevate Indonesia’s global standing but also create a resilient economy for future generations.
Concluding Thoughts
Senior Editor, World-Today-News.com: What is your final word on this matter, Nicolas?
Nicolas Pinaud: I am confident that Indonesia’s journey to OECD membership is a step in the right direction. With continued cooperation and the necessary reforms, Indonesia can achieve this goal, strengthening its position as a leading economy in Southeast Asia and globally. The OECD looks forward to a fruitful partnership with Indonesia.
