Jakarta (ANTARA) - Coordinating Minister for Economic Affairs\nAirlangga Hartarto believes that the governance framework for export of\nstrategic natural resource commodities will help maintain the rupiah\u2019s\nexchange rate stability by increasing foreign exchange reserves.<\/p>\n
\u201cPrimarily to prevent and eliminate trade misinvoicing, and to spur\neconomic growth, maintaining exchange rate stability certainly with\nlarger foreign exchange reserves,\u201d Airlangga said in Jakarta on\nWednesday.<\/p>\n
According to him, the regulation is being implemented because the\nexport of SDA commodities accounts for around 60 percent of national\nexports.<\/p>\n
He explained the three main commodities that will form the initial\nstage of regulation: coal, crude palm oil (CPO), and ferro alloys.<\/p>\n
These three commodities are considered to have the largest\ncontribution to national exports while also significantly affecting\nforeign exchange earnings and economic stability.<\/p>\n
Therefore, the government will strengthen export supervision through\na designated state-owned export company, Danantara Sumber Daya\nIndonesia.<\/p>\n
In addition, data transparency on export volumes and values is\nbelieved to enhance Indonesia\u2019s trade credibility in the eyes of global\nmarkets while boosting optimal state revenue, including taxes, export\nduties, and non-tax state revenues (PNBP).<\/p>\n
He also said this governance will strengthen Indonesia\u2019s bargaining\nposition before international buyers, helping to maintain price\nstability and expand export market share.<\/p>\n
In the initial stage, Airlangga said, export transactions will still\nbe carried out directly by exporting companies with buyers abroad.\nHowever, export documentation will be carried out by Danantara Sumber\nDaya Indonesia during a three-month transition period that the\ngovernment will evaluate.<\/p>\n
From 1 September 2026, all processes of exporting strategic\ncommodities from contracts, goods deliveries to payments will be fully\nhandled by the designated BUMN.<\/p>\n
Earlier, President Prabowo Subianto in a Plenary Session of the\nIndonesian DPR at Nusantara Building, Complex MPR, DPR, DPD RI, Jakarta,\non Wednesday, announced the government issued Government Regulation (PP)\non the Tata Kelola Ekspor Komoditas Sumber Daya Alam (SDA).<\/p>\n
In the latest PP, Prabowo mentioned one of its provisions: BUMN\nbecomes the sole exporter for palm oil, coal, and ferro alloys.<\/p>\n
\u201cTo achieve our national goals, today the Government of the Republic\nof Indonesia, which I lead, has issued a Government Regulation on the\nTata Kelola Ekspor Komoditas Sumber Daya Alam. The issuance of this\ngovernment regulation is a strategic step to strengthen the governance\nof export of our natural resource commodities,\u201d Prabowo said while\ndelivering the Macro-Economic Framework and Key Fiscal Policy (KEM-PPKF)\nRAPBN 2027 at the DPR plenary session in Nusantara, Jakarta, on\nWednesday.<\/p>\n
\u201cAll sales of our natural resources will start with palm oil, coal,\nand ferro alloys; we are required to ensure that sales are conducted\nthrough a designated BUMN as the sole exporter,\u201d he said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/airlangga-confident-that-export-governance-will-safeguard-exchange-rate-stability-1779545680", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }