Antara News·Indonesia·Thursday, October 22, 2026 at 04:13 PM UTC

Indonesia targets CPTPP accession approval in November 2026

Translate

Uyu Septiyati Liman

Jakarta (ANTARA) - Indonesia aims to secure unanimous approval from member states to formally commence accession talks with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at a high-level meeting in November 2026.

Coordinating Minister for Economic Affairs Airlangga Hartarto said Jakarta is counting on Australia — a founding member of the 12-nation trade bloc — to champion its bid, particularly following the renewal of the bilateral economic partnership program, PROSPERA.

“The other things that we need support from Australia is for CPTPP,” Hartarto said during the launch of PROSPERA Phase II here on Thursday.

“And as I discussed earlier, hopefully in the meeting of this November that the Indonesia accession to be member of CPTPP can be commenced and agreed by all the CPTPP countries,” he added.

Hartarto emphasized that Australia has consistently backed Indonesia’s integration into global economic frameworks, pointing to Canberra’s technical assistance through PROSPERA in preparing Indonesia for accession to the Organisation for Economic Co-operation and Development (OECD).

He noted that PROSPERA has provided valuable technical assistance and policy guidance to help Jakarta align its domestic regulations with the rigorous governance standards required by the Paris-based organization of advanced economies.

Indonesia aims to secure full OECD membership by 2028. Hartarto said the government has completed roughly 80 percent — or 20 out of 25 policy chapters — of its Initial Memorandum, a key self-assessment document required by the organization.

Speaking at the same event, Finance Minister Suahasil Nazara expressed confidence that the second phase of PROSPERA would make a tangible contribution to Indonesia's structural economic transformation.

Nazara outlined key priorities for the renewed partnership, including closer cooperation on macroeconomic policy formulation, fiscal management, and financial sector reform.

He underscored that the bilateral initiative must translate into concrete investment, job creation, and institutional capacity building to ensure the long-term durability of Indonesia’s reform agenda.

“There is also scope, I believe, for cooperation on digital government, digitalization of the economy, data governance, and also the responsible use and the impact of artificial intelligence,” Nazara said.

View the original on Antara News →

KioskNews shows a cleaned-up reading view extracted from the publisher’s page — the original always lives on their site, not ours.