Indonesia to begin OECD accession talks

Indonesia is set to start holding accession talks with the Organization for Economic Cooperation and Development, which would see it become the fourth Asian nation to join the group.

Analysts in Indonesia have responded with cautious optimism, pointing to the daunting and time-consuming tasks the country will have to do to harmonize its laws and economic management policies with OECD standards.

OECD members made what they called a "historic" decision on Feb 20 to start accession discussions with Indonesia. Its office is now preparing a draft accession road map for the technical review process for the consideration of the OECD Council at its next meeting.