Indonesian Government Prepares to Stop Tin Exports
- 2023-01-18
- Posted by: Widyadhana Mufida
- Categories: Commodities, News
The Indonesian government is preparing to stop tin exports. Several years ago, the Indonesian government had succeeded in stopping the export of nickel ore. This time, the government will stop the export of other raw minerals, including tin.
Reported by cnbcindonesia.com, Minister of Investment or Head of BKPM Bahlil Lahadalia said that the downstream program for raw mineral commodities was an important step. With the downstream program, the added value of these products can increase many times. For example, nickel derivative products, which were previously only USD 3.3 billion in 2017 to USD 20.9 billion in 2021.
“This means that this is a prospect. So we apologize that we have now banned some of our commodities that we export, including this year’s bauxite. In the future, we will also ban tin again,” he explained at the National Coordination Meeting of Regional Heads and the Indonesia-wide Regional Leadership Communication Forum in Sentul City, Bogor (17/01/2023).
Downstream Program Plan
Bahlil also said that the government is quite serious about inviting investors to get involved in the downstream program. One of them is the green energy and green industry approach as an agreement at the G20.
“If we want our country to go from a developing country to a developed country, we can’t expect our APBN to be only 18 percent of GDP contribution. So like it or not, we have to do this program. If we make it our main focus until 2035, the profit from 8 commodities might reach USD 545.3 billion,” he said.
In addition, the downstream program opens up broad opportunities for employment. Bahlil said that if Indonesia is able to carry out a domestic downstream program, quality jobs will be created.
“Our OSS, for the middle to lower class, there is no problem. The problem is the OSS part, which is quite a big difference regarding RDTR. Our RDTR, from a total of 2000, is now 118 RDTR, so if you want a permit for an industrial factory location, as long as you don’t enter the area, you have RDTR OSS until the chickens grow even this tooth will not finish this item,” he added.