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03 October 2012

OECD publishes review of RR in Indonesia

OECD has just released two important reports on Indonesia, a major world economy and one of its key partners: the 2012 Economic Survey and the Regulatory Reform Review of Indonesia, both developed through policy dialogue between OECD committees and officials of the government of Indonesia.
According to the press release late last week, "OECD’s first Review of Regulatory Reform for Indonesia looks at the changes to the regulatory framework which will be necessary to implement the development and growth agenda of the Indonesian Government, including the recommendations of the Economic Review. The report recommends that the Coordinating Ministry for Economic Affairs implements a government-wide policy to strengthen institutions, optimise co-ordination among ministries and improve regulations, based on international best practice. In particular, measures to further develop the Indonesian market and increase private investment in infrastructure need to be fostered by coherent policies. All new regulations, the Review stresses, should serve the public interest and not restrict trade, particularly in the priority areas of major infrastructure investment in the ports, rail and shipping sectors."

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