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Indonesia’s diplomacy: Rowing between two reefs in a fast-changing world
On the economic and recovery front, Indonesia’s G20 presidency reached consensus with the G20 Bali Leaders’ Declaration, despite strong divisions within the group.
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Minister for Foreign Affairs Retno L.P. Marsudi shakes hands with United Nations Secretary-General Antonio Guterres at the UN headquarters in New York, on Sept. 18, 2022, during the 77th session of the UN General Assembly.
(AFP/Craig Ruttle )
I
n early 2022, Foreign Minister Retno L.P. Marsudi highlighted Indonesia’s foreign policy prioritizing the recovery process, citizens’ protection abroad, promotion of peace and Indonesia’s leadership role in the Group of 20. As it turns out, 2022 was an eventful year.
COVID-19 reached its third year and the unexpected war in Ukraine led to global food and energy crises, and even financial turmoil, while geopolitical tensions deepened among the major powers.
Amid new challenges and uncertainties, there are notable achievements in Indonesia’s leadership and diplomacy.
On the economic and recovery front, Indonesia’s G20 presidency reached consensus with the G20 Bali Leaders’ Declaration, despite strong divisions within the group. The declaration laid out commitments on concrete measures and programs to address economic and social challenges.
Capitalizing on G20 momentum, G20 members and invitees brought investment and cooperation in at least 140 bilateral projects valued at around US$71.49 billion to Indonesia.
Business Forums with Latin America and the Caribbean (INA-LAC) as well as Central and Eastern Europe (INA-CEE) generated transaction and business potential worth approximately $179.1 million and $386.6 million, respectively.
Indonesia and Switzerland signed a Bilateral Investment Treaty (BIT) in May 2022 to enhance business certainty and strengthen legal protection. While the Indonesia-Pacific Forum for Development (IPFD) provided a roadmap for long-term development cooperation with our Pacific neighbors.
