Indonesia is recognised as a proactive and influential member of the World Trade Organisation (WTO). The country has been actively involved in numerous negotiations at the WTO, advocating not only for its national interests but also for those of other developing countries in an effort to shape a more equitable global trading system.
In 2019, the management of the National Measurement Standard (SNSU) was transferred from the Indonesian Institute of Sciences (LIPI) to the National Standardization Agency (BSN). This shift was a result of Law No. 20 of 2014 on Standardization and Conformity Assessment and the implementation of Presidential Regulation No. 4 of 2018 regarding BSN. With these new responsibilities, BSN underwent reorganization to incorporate SNSU management, establishing a new deputy role, namely the Deputy of SNSU. This reorganization necessitated a strengthening of human resource capacities within the Deputy of SNSU.
In late 2023, ARISE+ Indonesia responded to a request from BKPM and Bappenas to conduct an assessment of Indonesia’s Carbon Market and how it can be optimized in the future. The assignment coincided with the launch of Indonesia’s Carbon Exchange (IDX Carbon), thus offering a timely opportunity for ARISE+ Indonesia to engage international expertise in this area.
Recently, Indonesia achieved a significant milestone by launching the Blue Economy Roadmap at the ASEAN Blue Economy Forum, hosted by the Ministry of National Development Planning (Bappenas) on the picturesque Belitung Island. This comprehensive roadmap is the result of collaborative efforts from various stakeholders, including the instrumental contribution of ARISE+ Indonesia. As a maritime nation, Indonesia places strategic importance on this roadmap as it not only drives economic prosperity but also prioritises the well-being of marine ecosystems, ensuring that future generations can reap the benefits of a thriving ocean economy.
From May 20th to June 3rd, an Indonesian delegation comprising senior officials from the Ministry of Investment/BKPM and the Ministry of National Development Planning/BAPPENAS embarked on a two-week study and networking mission across Europe. This mission, facilitated by ARISE+ Indonesia, was led by the Deputy Minister for Investment Promotion, BKPM, Mr Nurul Ichwan. The delegation met with representatives of the European Commission, various financial institutions, pioneering high-tech companies and world-leading sectoral ecosystems.
The relationship between the European Union and Indonesia is one of growing importance, with trade and economic cooperation serving as a cornerstone of this partnership. The EU was Indonesia's fifth-largest trading partner in 2022 and among the main foreign investors and the two entities have a shared interest in promoting sustainable economic growth and development. With the current global economic challenges, the EU and Indonesia are exploring new ways to deepen cooperation.
ARISE+ Indonesia acknowledges the vital role of gender mainstreaming in fostering sustainable and inclusive economic development. With this approach, ARISE+ Indonesia recognises that gender-sensitive economic growth is essential for creating a fair and prosperous society. The programme is committed to integrating gender considerations into its activities to promote gender equality, empower women and contribute to more inclusive and sustainable development outcomes.
Indonesia has been actively promoting its manufacturing sector as a key area for Foreign Direct Investment (FDI) to drive sustainable economic growth and achieve the 2045 grand vision of becoming a prosperous and advanced nation.
Trade in services in Indonesia has tremendous potential and continues growing each year. Due to its complexity, trade in services began to be negotiated separately. Ninety-five per cent of Indonesia's Free Trade Agreements (FTAs) and Comprehensive Economic Partnership Agreements (CEPAs) has included trade in services agreements. With rapid growth witnessed in the country's middle class, the development of the services sector is expected to continue improving, leading both to enhanced services sector exports and increasing wealth.
The Government of Indonesia, together with the leaders of the International Partners Group (IPG), launched a Just Energy Transition Partnership (JETP) during the Partnership for Global Infrastructure and Investment (PGII) event at the G20 Summit, taking place on 15-16 November 2022 in Bali. The Just Energy Transition Plan recognised the need for accelerated action to reduce emissions and hasten renewable energy deployment.
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