Support for Indonesia to join the Organisation for Economic Co-Operation and Development
I was pleased to confirm Australia's commitment to support Indonesia's ambition to join the Organisation for Economic Co-operation and Development (OECD) while meeting Indonesian Trade Minister Zulkifli Hasan on the sidelines of APEC in San Francisco today.
Australia and Indonesia are close friends and neighbours, and welcoming Indonesia to the OECD carries many benefits for all parties.
Australia will contribute to Indonesia's efforts to prepare for the OECD accession process, by supporting an economic survey of Indonesia through the OECD.
Indonesia's application demonstrates a commitment to align more closely with OECD standards and norms, including open market settings. It will support Indonesia becoming further integrated with regional and global supply chains.
Australia welcomes President Biden's expression of support this week for Indonesia initiating the accession process.
Minister Hasan and I also discussed deepening our trade, investment and economic ties, which is a top priority for the Albanese Government.
The Government's Southeast Asia Economic Strategy to 2040 serves as a practical pathway for achieving this.
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