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Indonesia enters OECD review stage in July, Kadin welcomes move

Jakarta (ANTARA) – Chair of the Indonesian Chamber of Commerce and Industry (Kadin), Anindya Bakrie, highlighted the Indonesian business community's support for Indonesia's accession to the Organisation for Economic Co-operation and Development (OECD).He noted that the move is a strategic step to propel Indonesia toward its goal of becoming a developed nation by 2045 through improved governance and policy standards.“The government’s decision to pursue OECD accession is the right strategic choice to support Indonesia’s goal of becoming a developed nation by 2045,” he said during a national seminar on Indonesia’s OECD accession in Jakarta on Tuesday.The Indonesian government formally expressed its intent to join the OECD in 2023, received its accession roadmap on May 2, 2024, and submitted its initial memorandum on June 3, 2025, as a self-assessment of national regulatory alignment.The Indonesian accession process is currently set to proceed to the technical review stage, scheduled for July this year.According to Bakrie, OECD membership will help enhance the coherence of Indonesia's regulations and governance standards, as well as create a more predictable business environment for business players.He underlined that regulatory certainty is a crucial factor for the business community, as investors heavily weigh policy stability and institutional quality when making investment decisions.He revealed that a Kadin survey showed nearly 50 percent of business players in Indonesia plan to expand within the next six months. However, approximately 20 percent of respondents said bureaucracy and regulation remain the primary obstacles to running their businesses.The Kadin chair added that OECD accession is expected to serve as a catalyst for improving the business ecosystem by enhancing transparency, accountability, and policy standards in line with international practices.He emphasized that the accession process is not merely a government agenda, but a collective effort involving all parties, including the business sector.On that occasion, Kadin, in collaboration with the Coordinating Ministry for Economic Affairs, launched the OECD Private Sector Playbook, which serves as an initial guide for private sector engagement in Indonesia’s OECD accession process.British Ambassador to Indonesia Dominic Jermey has expressed his country’s support for Indonesia’s OECD accession process, including efforts to encourage private sector involvement in policy reform.He noted that engaging the private sector from the beginning of the accession process is key to ensuring that reforms are effective and deliver a tangible impact on the economy.