Indonesia and Switzerland to Sign MoU on Critical Minerals
Indonesia and Switzerland are set to sign a non-binding memorandum of understanding (MoU) in the mineral and metal sector on 23 June 2026. “The cooperation will expand the partnership between the two countries into the critical mineral raw materials sector,” said Coordinating Minister for Economic Affairs Airlangga Hartarto in an official statement on Wednesday, 3 June 2026.
Airlangga revealed this after meeting with the President of the Swiss Confederation, Guy Parmelin, on the sidelines of the 2026 OECD Ministerial Council Meeting in Paris, France, on Wednesday, 3 June 2026. During the meeting, the two sides discussed a number of economic cooperation agendas, including Swiss support for Indonesia’s accession process to become a member of the OECD.
According to Airlangga, Switzerland reaffirmed its support for Indonesia’s accession process to the OECD. This support is realized through, among other things, a contribution of 3 million euros and a Swiss cooperation program for the period 2025–2028.
He explained that the program includes strengthening capacity in the implementation of Responsible Business Conduct principles and supporting Indonesia’s efforts to meet various OECD legal instruments. Currently, Airlangga said, the government is discussing 240 OECD legal instruments spread across 32 chapters with more than 60 ministries and agencies. In the meeting, Airlangga also presented the reform of state-owned enterprises (SOEs) that the government is currently undertaking. According to him, the government has carried out restructuring and reduced the number of SOEs through various asset management measures.
Airlangga also mentioned the establishment of the Nusantara Sovereign Wealth Fund or Danantara. According to him, the institution was formed to manage assets and investments, both domestically and abroad, and is currently exploring the issuance of international bonds to attract foreign capital. He said Indonesia also plans to cooperate with Switzerland to study investment governance practices implemented in the country.
In addition to investment issues, the two countries discussed energy and food security in the face of global geopolitical uncertainty, including the risk of energy supply disruptions due to conflicts in the Middle East. Airlangga said Indonesia has diversified its oil import sources, so that dependence on a single supplier country can be reduced.
In the food sector, Airlangga claimed that Indonesia has achieved food self-sufficiency to maintain price stability in the long term. He also said that Indonesia has exported fertilizer to a number of countries, including Australia.
In the energy sector, Airlangga said that the Ministry of Energy and Mineral Resources together with the Swiss State Secretariat for Economic Affairs (SECO) are expanding cooperation through a memorandum of understanding on the development of smart grids and battery storage technology. According to him, the cooperation is aimed at supporting the utilization of solar energy in Indonesia.