Indonesia’s Dual Membership in BRICS and OECD: No Conflict, Only Opportunity
Indonesia Juggles Global Ambitions: OECD and BRICS Membership
Jakarta,Indonesia – Indonesia is navigating a complex geopolitical landscape,pursuing membership in both the OECD (Organisation for Economic Co-operation and Growth) and the BRICS (Brazil,Russia,India,China,South Africa) bloc. Foreign Minister Sugiono has assured the public that these pursuits are not mutually exclusive, emphasizing that each institution operates under distinct rules and regulations.
“There is no conflict between the OECD and BRICS, as confirmed by the OECD itself,” Sugiono stated during a meeting with the House of Representatives Commission I. “Each continues to respect Indonesia’s domestic laws and regulations.”
Since assuming his role, Sugiono has been a vocal advocate for Indonesia’s inclusion in BRICS, expressing this desire at the BRICS high-Level Conference in Russia last October. He highlighted Indonesia’s potential as a bridge between developed and developing nations.
Prior to this, Indonesia initiated the process of joining the OECD, a move further solidified by the recent visit of the OECD secretary-General to President Prabowo Subianto.
Deputy Foreign Minister Arrmanatha Nasir underscored the strategic rationale behind Indonesia’s dual membership aspirations. “Our commitment to the OECD and BRICS reflects our efforts to create a more conducive global surroundings,” he explained at the 12th US-Indonesia Investment Summit.
In a world grappling with geopolitical tensions and economic challenges, indonesia aims to play a constructive role in shaping the global order.
The OECD accession process began with the approval of a roadmap by the OECD Council in March 2024, while Indonesia expressed its interest in joining BRICS at the BRICS Plus Summit in October 2024.
Arrmanatha highlighted the economic turmoil caused by sanctions, high tariffs, supply chain disruptions, and climate change as obstacles to global growth. Through its engagement with both the OECD and BRICS, Indonesia seeks to advocate for multilateral reforms, strengthening global peace and security, financial architecture, infrastructure, and trade.
Indonesia’s Balancing Act: OECD and BRICS aspirations
JAKARTA - Indonesia appears poised too straddle two seemingly disparate worlds as it together pursues membership in both the OECD (Organisation for Economic Co-operation and Progress) and the BRICS (Brazil, Russia, India, China, South Africa) bloc.
Foreign minister Sugiono has assured the public that these endeavors are not mutually exclusive. “There is no conflict between the OECD and BRICS, as confirmed by the OECD itself,” sugiono stated during a recent meeting with the House of Representatives Commission I.
sugiono, a vocal proponent of BRICS membership, highlighted Indonesia’s potential as a bridge between developed and developing nations at the BRICS high-Level Conference in Russia last October. This desire for inclusion followed Indonesia’s initiation of the OECD accession process, further cemented by the OECD Secretary-General’s recent visit to President Prabowo Subianto.
Deputy Foreign Minister Arrmanatha Nasir elaborated on the strategic rationale behind Indonesia’s dual membership aspirations. “Our commitment to the OECD and BRICS reflects our efforts to create a more conducive global environment,” he explained during the 12th US-Indonesia Investment Summit.
Indonesia’s ambition comes at a time when the world grapples with geopolitical tensions, economic turbulence, and the looming threat of climate change. Arrmanatha pointed to “economic turmoil caused by sanctions,high tariffs,supply chain disruptions,and climate change” as meaningful roadblocks to global growth.
Through its engagement with both the OECD and BRICS, Indonesia plans to advocate for multilateral reforms, strengthening peace and security, bolstering global financial architecture, and fostering infrastructure development and trade.
Indonesia’s OECD accession process commenced with the OECD Council’s approval of a roadmap in March 2024, while its interest in joining BRICS was expressed at the BRICS Plus Summit in october 2024.