It Turns Out Like This! Examples Of Multilateral Cooperation That Benefit Indonesia

Prabowo's speech at the United Nations Session, an example of multilateral cooperation (antaranews)

YOGYAKARTA - An example of multilateral cooperation has had a significant impact on Indonesia. Many do not yet know how this international collaboration benefits our country economically and politically.

As we all know, Indonesia is now active in various global forums that open up trade opportunities, investment, and strengthen diplomatic positions. Let's discuss concrete examples in detail.

Multilateral cooperation is a collaboration organized by nations in the world regardless of territory for the common interest. In contrast to bilateral cooperation involving only two countries, multilateral involves many countries at once.

Reporting from the website of the Ministry of Finance, this concept was initiated after The Great Depression and World War II to maintain global stability.

Meanwhile, Indonesia is actively establishing this collaboration while promoting the value of mutual respect, not interfering in domestic affairs, and rejecting the use of violence.

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Indonesia itself has joined various international organizations that provide significant benefits, reported from the website of the Directorate General of Sea Transportation, including:

The United Nations (UN) is Indonesia's main forum to voice national and regional interests. Through the Economic and Social Council (ECOSOC), Indonesia has contributed to global development.

The International Monetary Fund (IMF) acts as a strategic partner in maintaining economic stability. This institution provides technical assistance and becomes the center of knowledge to strengthen the management of state debt.

Asian Development Bank (ADB) provides funding sources for Indonesia's infrastructure development. This participation increases the percentage of share ownership and Indonesian voting rights in regional forums.

The World Trade Organization (WTO) opens global market access for Indonesian products. Through the ASEAN Free Trade Area (AFTA), trade between ASEAN countries is getting smoother without high tariff barriers.

Asian Infrastructure Investment Bank (AIIB) focuses on financing modern infrastructure that supports sustainable economic growth. Indonesia gained access to digital technology and green financing.

Organizations of Islamic Cooperation (OIC) strengthen solidarity with Islamic countries. The International Islamic Trade Finance Corporation (ITFC) provides solutions for sharia financing for international trade.

The Non-Aligned Movement (GNB) positions Indonesia as an independent country that does not side with certain power blocks, strengthening active free diplomacy.

In addition, there are various other institutions such as the International Labor Organization (ILO), the Food and Agricultural Organization (FAO), the International Finance Corporation (IFC), and the Common Fund for Commodities (CFC) also support the development of national human resources and food security.

Indonesia's investment in these institutions results in real economic and social benefits. Indonesia has access to technical assistance, infrastructure funding, and capacity building of human resources.

In addition, various active participations also increase Indonesia's role in global strategic policies that can be utilized for national and regional interests, as well as strengthen diplomatic positions.

Thus, multilateral cooperation has proven to benefit Indonesia in various aspects. What do you think about Indonesia's role in the global forum?

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