Indonesia, Switzerland to Sign Critical Minerals Deal

Indonesia and Switzerland are set to deepen their economic ties with a non-binding memorandum of understanding on critical minerals and metals, scheduled for signing on June 23, 2026. Coordinating Minister for Economic Affairs Airlangga Hartarto announced the agreement, stating it will "expand the partnership between the two countries into the critical mineral raw materials sector."

Hartarto made the announcement following a meeting with Swiss Confederation President Guy Parmelin in Paris on June 3, 2026, on the sidelines of the OECD Ministerial Meeting. The discussions also encompassed Switzerland's support for Indonesia's accession process to the OECD, including a financial contribution of 3 million euros and a cooperation program from 2025–2028. This program focuses on strengthening capacity in Responsible Business Conduct and assisting Indonesia in meeting OECD legal instruments.

The Indonesian government is currently reviewing 240 OECD legal instruments across 32 chapters with over 60 ministries and agencies. Hartarto also briefed Parmelin on Indonesia's state-owned enterprise reforms, including restructuring and asset consolidation. The establishment of the Danantara Investment Management Agency was mentioned as a move to manage domestic and international assets and investments, with plans to issue international bonds to attract foreign capital.

Beyond investment, the two nations addressed energy and food security amid global geopolitical uncertainty. Indonesia is diversifying its oil import sources to reduce reliance on single suppliers and claims to have achieved food self-sufficiency to stabilize prices. In the energy sector, cooperation is expanding to include smart grid development and battery storage technology to support solar energy utilization in Indonesia.