RI Gandeng ERIA Increases International Economic Cooperation

Coordinating Minister for Economic Affairs (Menko) Airlangga Hartarto. (Photo: Doc. ANTARA)

JAKARTA - The Coordinating Ministry for Economic Affairs is collaborating with the Economic Research Institute for ASEAN and East Asia (ERIA) research institute to support Indonesia in increasing international economic cooperation.

Coordinating Minister for Economic Affairs Airlangga Hartarto said the cooperation was to deepen studies on the OECD accession process, improve supply chains from the semiconductor industry to expand the automotive and battery industry markets.

Meanwhile, ERIA is one of the think tank institutions that focuses on study studies and policy recommendations for the ASEAN region and East Asia.

"Today we witnessed the arrival of a Memorandum of Understanding (MoU) between the ERIA or the Economic Research Institute for ASEAN and East Asia. This is a think tank that is included in the top ten rather than a think tank published by the State of Civil Society and think tank from the University of Pennsylvania. This is one of the leading think tank offices in Jakarta," he said after the signing of a memorandum of understanding at his office, Jakarta, Tuesday, July 30.

Airlangga explained that the signing of the cooperation includes the first, a joint study of Indonesian accession to become a member of the OECD and a Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP).

"Regarding OECD and CPTPP, ERIA will conduct a review of the benefits, simulations of PMO scenarios and formation (Project Management Office) rather than OECD," he explained.

Furthermore, the second is cooperation in establishing the ASEAN Zero Emission Center which will be inaugurated at the end of August 2024.

Airlangga said the third, namely cooperation in the ASEAN Ready Feature to develop semiconductor supply chains to expand the automotive and battery industry markets.

"For supply chain studies, both semiconductors, digital economy development as well as studies on the next generation automotive industry in ASEAN, to supply globally including the development of battery-based industries," he said.