Indonesia’s Coordinating Ministry for Economic Affairs highlighted the importance of digitalisation and green transition megatrends to achieve ASEAN Vision 2045 as the world’s fourth-largest economic region

Source: Coordinating Ministry for Economic Affairs

THE Indonesian Coordinating Ministry for Economic Affairs, represented by Deputy for Coordination of International Economic Cooperation, Bapak Edi Prio Pambudi, emphasised the criticality of implementing digitalisation and green transition megatrends to realise the ASEAN Vision 2045, positioning the region as the world’s fourth-largest economic powerhouse.

Speaking on 28th February 2024, Pak Pambudi highlighted the multitude of multidimensional challenges currently confronting ASEAN, ranging from geo-political tensions to the climate crisis, underscoring the necessity for strategic approaches to navigate future disruptions and harness sectors with high growth potential.

At the 45th meeting of the ASEAN Task Force for Economic Integration (HLTF-EI) held in Vang Vieng, Laos, from February 19-21, 2024, Pak Pambudi put forward three proposals concerning the formulation of the ASEAN Economic Pillar Strategic Plan (AEC Strategic Plan) 2026-2030.

Firstly, he advocated for enhancing ASEAN resilience and cross-pillar coordination, proposing the creation of a platform to foster synergy and collaborative actions among the three ASEAN pillars.

Additionally, Pambudi stressed the importance of revitalizing ASEAN’s priority sectors to adapt to evolving economic landscapes, fostering increased trade, investment, and growth within the region.

Furthermore, he advocated for the trial of cross-pillar coordination mechanisms in the digital transformation and technology sectors to assess their effectiveness and efficiency before wider implementation across other sectors.

Indonesia expressed its backing for the establishment of the Task Force for the Blue Economy (ACTF-BE) and outlined plans to host the inaugural ACTF-BE meeting in August 2024, coinciding with the 46th HLTF-EI meeting in Luang Prabang, Laos, signalling proactive steps toward advancing ASEAN’s economic agenda in the post-2025 landscape.

Source: Antara News