There is an urgent need to facilitate the creative economy, especially small and medium enterprises (SMEs) to global markets and integrate them to global value chains.
ndonesia has successfully hosted the third World Conference on Creative Economy (WCCE). Despite the lingering effect of the COVID-19 pandemic and the threat of a global recession, a significant number of participants turned up for the event on Oct. 5-7.
More than 1,000 people registered for the conference, with more than 800 people from 52 countries taking part in person. Those in attendance were foreign delegates representing 38 governments and non-state actors from 14 countries.
Among the foreign delegates were ministers from five countries, secretary-generals of the Developing-8 and the Indian Ocean Rim Association and representatives from five other international organizations. The high turnout reflected the global acknowledgment to the huge potential of the creative economy as an important sector to solve current challenges and a new source of the future economic growth.
The conference’s main events consisted of a ministerial meeting, a Friends of Creative Economy (FCE) meeting, a plenary and an expo. Ministers, delegates and participants shared important and valuable insight on how to unleash the potential of the creative economy. Through constructive deliberation, delegates at the ministerial meeting adopted an outcome document called the “2022 Bali Creative Economy Roadmap”.
The document was a result of a long process. Indonesia had circulated the zero draft of the document to governments, international organizations and other stakeholders across the world for comments and input since August 2022. The process has helped Indonesia collect as many insights as possible and engage with as many actors that contributed significantly to the formulation of the document.
The agreed Bali Roadmap consists of 16 actions, which will become a strategic framework for governments and various stakeholders to develop the creative economy at national and global levels.
Those actions include, among others: integrating creative economy into global recovery plans; creating an enabling ecosystem for the creative economy sector to grow; establishing creative economy hubs and center of excellences; strengthening national and international data; and urging policies to support creative economy players to proactively protect, manage and commercialize intellectual property assets.
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