Switzerland Pledges €3 Million to Support Indonesia's OECD Membership Bid

Switzerland has committed €3 million (US$3.4 million) to bolster Indonesia's efforts to become a full member of the Organisation for Economic Co-operation and Development (OECD). The pledge was announced by Coordinating Minister for Economic Affairs Airlangga Hartarto following a meeting with Swiss Confederation President Guy Parmelin on the sidelines of the OECD Ministerial Council Meeting in Paris.

The Swiss assistance will be channeled through a cooperation program spanning from 2025 to 2028. This program is designed to enhance three critical areas: improving the governance of Indonesia's state-owned enterprises (SOEs), strengthening the implementation of Responsible Business Conduct (RBC) standards, and supporting Indonesia's accession to the OECD Anti-Bribery Convention.

Indonesia officially commenced its OECD accession process in 2024. The country is currently engaged in a comprehensive review of 240 OECD legal instruments across 32 policy chapters. This extensive review involves over 60 government ministries and agencies working to align national regulations and institutions with OECD standards.

Beyond the OECD bid, Indonesia and Switzerland are exploring deeper economic cooperation, including a potential non-binding memorandum of understanding on minerals and metals, slated for signing on June 23. This initiative aims to expand bilateral collaboration in critical mineral supply chains, a sector vital for the global energy transition. Discussions also touched upon energy and food security, with Indonesia highlighting its efforts in diversifying energy imports and achieving self-sufficiency in key commodities.

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The Swiss assistance will be delivered through a cooperation program running from 2025 to 2028, focusing on three key areas: improving the governance of Indonesia's state-owned enterprises (SOEs), strengthening the implementation of Responsible Business Conduct (RBC) standards, and supporting Indonesia's accession to the OECD Anti-Bribery Convention.