JAKARTA - Economist Rizal Ramli highlighted the statement made by the Coordinating Minister for Economic Affairs, Airlangga Hartarto during the Economic, Trade and Investment Ministers' Meeting (ETIMM) between the Indonesian-Australian governments, Tuesday, July 6.
Airlangga, representing the Indonesian government, is determined to become a high-income country with various policies, including implementing structural reforms through the Job Creation Act.
According to Rizal Ramli, this statement by the Coordinating Minister for Airlangga is merely selling an illusion. "This is the Coordinating Minister from the blasphemy, Wong continues to assume that 3% is still selling illusions," said Rizal Ramli, quoted on his Twitter account, @RamliRizal, Thursday, July 8.
The former Coordinating Minister for the Economy and Finance said that the current government does not have a clear strategy to realize the high-income country target.
"Even though the strategy is not clear, the blu-print doesn't have it! You are part of the problem Man. The omni law doesn't have any impact, which is said to be of great benefit. It's ridiculous," Rizal Ramli quipped.
The Indonesia-Australia bilateral meeting is a follow-up to the agreement between the two heads of government at the 2020 Annual Leaders' Meeting. Indonesia-Australia discussed increasing bilateral and global economic cooperation.
The Indonesian government remains steadfast in dealing with the health impacts of the pandemic. The Committee for Handling COVID-19 and National Economic Recovery (PC-PEN) was formed as a strategy to accommodate and integrate health services and economic recovery programs simultaneously.
Airlangga emphasized that in order to support the national economic recovery during the pandemic and as part of Indonesia's big agenda to become a high-income country, the Indonesian government has implemented structural reforms through the Job Creation Law.
The aim is to simplify business licensing, establish investment management institutions for a better investment climate, and establish a list of investment priorities.
"Law No. 11 of 2020 concerning Job Creation is expected to encourage Australian business actors to be more optimal in utilizing the IA-CEPA, AANZ-FTA, and the Regional Comprehensive Economic Partnership," said Airlangga.
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