Indonesian President Joko Widodo (Joko Widodo) said on Tuesday that Indonesia was planning to ban the export of all raw materials to attract investment in the processing of land-based resources and create jobs.
Indonesia has banned the export of unprocessed minerals such as nickel, tin and copper to encourage downstream industries, including the production of electric car batteries and aluminum.
The president (commonly known as Jokowi) said in an interview in the village of Bebatu on Borneo that the government is currently studying the downstream of other goods and that the long-term goal is to no longer just sell raw materials.
He pointed out that a new policy is expected to be introduced next year.
"Don't be surprised," Jokowi said. We used to have a ban on nickel exports. Next year, we may stop bauxite exports, or we may stop other things. "
Under current regulations, Indonesia will ban the transportation of bauxite in 2023.
"We really want to stop exporting raw materials because there is no added value and there will be no job creation." The president said the policy would affect "all goods".
He noted that consideration was being given to halting the export of unprocessed palm oil, but declined to provide an estimate of when such a policy could be issued.
He said last week that Indonesia would no longer export crude vegetable oil in the future and instead export refined products such as cosmetics, margarine and biodiesel.
Indonesia is the world's largest exporter of palm oil, thermal coal and tin. It is also a major exporter of rubber and copper.
The export volume of palm oil in 2020 was 34 million tons, of which 21% was in the form of crude oil.