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Prabowo hosts visit from OECD secretary general, discussing Indonesia’s membership

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Jakarta, IO – Defense Minister Prabowo Subianto received a visit from Coordinating Economic Minister Airlangga Hartarto and Secretary General of the Organization for Economic Cooperation and Development (OECD) Mathias Cormann in Jakarta.

One of the things discussed at the meeting was Indonesia’s OECD full membership process. Before paying the courtesy visit, Cormann met with President Joko “Jokowi” Widodo at the Bogor Presidential Palace, West Java, Tuesday (28/5).

Indonesia is seeking OECD membership and is undergoing the accession process in which it is required to submit an initial memorandum to meet the standards and requirements. If accepted, it will be a historical milestone for the country because it will be the first Southeast Asian country to become an OECD member. So far, 38 countries have supported Indonesia’s bid.

OECD is an international organization that promotes policy coordination and economic freedom among developed countries. Founded in 1948, it was initially called the Organization for European Economic Cooperation (OEEC).

It was redesignated in 1961 and consisted of the United States, countries in Western Europe, Japan, Canada, Australia, and New Zealand. Since then, it has been headquartered in Paris, France.

Read: Friendly Way To Enhance Sustainable Energy Mix, Experience And Expectations

OECD membership expanded in the 1990s with the inclusion of Mexico, South Korea and Eastern European countries. In recent years, India, Brazil, the People’s Republic of China have also supported OECD’s agenda.

The OECD’s vision and mission is to promote policies that will improve the economic and social welfare of society in developed countries. Thus, its main goal is to improve the global economy and promote global trade. This provides a way out for governments from various countries to work together to find common solutions.

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