Airlangga said regulatory harmonization poses a challenge to OECD membership
The challenge is obviously to compare regulations with best practices. And obviously bring all ministries on the same frequency.
Jakarta (MidLand) – Coordinating Minister for Economic Affairs Airlangga Hartarto believes that aligning various regulations with the standards set by the Organization for Economic Co-operation and Development (OECD) is the main challenge in the process of joining the OECD.
“The challenge is obviously Comparative analysis regulations a best practice. “And obviously get all ministries on the same frequency,” Airlangga said at the “OECD National Team Workship” press conference in Jakarta on Wednesday.
Airlangga said the challenge of synchronizing policies is not only faced by the central government, but also by regional governments who will subsequently participate in the implementation of harmonized regulations.
“Of course, these are concrete challenges for the future that we need to look at, and therefore they do not only concern the commitment of the central government, but the implementation also extends to regional governments,” he said.
Read also: Indonesian Parliament supports rapid progress of OECD accession process
Currently, Indonesia is focusing on compiling an “Initial Memorandum” to meet the standards and requirements for full membership in the OECD. The memorandum will be a tool for Indonesia to convey to the world the reforms that will be implemented.
The Initial Memorandum covers 26 areas of the OECD “steering committee”. The protocols prepared concern the financial, economic, anti-corruption, healthy competition, consumer policy, digital economy and technological policy sectors.
Coordinating Minister Airlangga explained that during the accession process, the OECD National Acceleration Team will involve all parties related to the 26 sectors to complete the initial memorandum.
“There are many of us who, for example, are tied to the practice of not being corrupt. We are already members of the FATF (Financial Action Task Force). Then we also have transparency. For example, the KNKG (National Committee for Financial Action governance). Then there is the fiscal aspect, we also have “We have ratified the data exchange. So we have already done some key things,” Airlangga explained.
Read also: Airlangga says the OECD accession process also involves entrepreneurs
At the same time, OECD Secretary General Mathias Cormann said that the OECD accession process could help give impetus to future reforms.
OECD accession can help continue the positive transformation of the country’s economy and help deliver further increases in people’s income and living standards to support Indonesia’s ambition to become a developed country by 2045.
“The process is to liberalize development, trade and investment, new infrastructure, ensure high-quality and easily accessible education reforms to further improve the business environment in Indonesia, simplify regulations, encourage digital transformation, strengthen measures anti-corruption which in turn increases investments in human resources and much more,” said Mathias Cormann.
Reporter: Bayu Saputra
Publisher: Nusarina Yuliastuti
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