{
    "success": true,
    "data": {
        "id": 1632204,
        "msgid": "foreign-investment-must-support-indonesias-downstream-mandate-1774338681",
        "date": "2026-03-24 13:50:58",
        "title": "Foreign Investment Must Support Indonesia's Downstream Mandate",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Regulation",
        "summary": "President Prabowo Subianto has stressed that foreign investment, especially from the United States, must align with Indonesia's downstreaming policy for raw minerals to ensure compliance with national laws and boost state revenues. He highlighted the example of PT Freeport Indonesia, which has operated successfully for decades under these regulations, contributing significantly to the economy. This approach aims to transform Indonesia into an industrial powerhouse while fostering international trade relations through local processing at market prices.",
        "content": "<p>Foreign Investment Must Support Indonesia\u2019s Downstream Mandate<\/p>\n<ul>\n<li><p>24 Mar 2026 13:20 WIB<\/p><\/li>\n<li><p>Voice of Indonesia<\/p><\/li>\n<\/ul>\n<p>RRI.CO.ID, Jakarta - President Prabowo Subianto has reaffirmed that\nforeign investment, particularly from the United States, must align with\nIndonesia\u2019s national industrial downstreaming agenda. The President\nemphasized that while Indonesia remains open to international capital,\nall foreign entities must comply with national laws requiring the\ndomestic processing of raw mineral resources.<\/p>\n<p>Speaking during an interview cited by the Government Communications\nAgency (Bakom) on Saturday, March 21, 2026, the President noted that\ndownstreaming is a non-negotiable requirement to boost state revenue\nfrom the natural resource sector.<\/p>\n<p>He clarified that Indonesia\u2019s critical minerals are available to\nglobal partners, provided they adhere to international market valuations\nand local processing regulations.<\/p>\n<p>\u201cRegarding critical minerals, I have said we are open. But everything\nat market price. At economic price,\u201d the President said.<\/p>\n<p>He emphasized that by utilizing international market mechanisms,\nIndonesia ensures it captures the maximum economic value from its\ncommodities, regardless of whether the operator is a domestic or foreign\nfirm. \u201cThe important thing is we provide access,\u201d he added.<\/p>\n<p>The President pointed to PT Freeport Indonesia as a long-standing\nexample of how foreign investment can successfully integrate into the\nnational economy. Having operated for decades under official agreements,\nFreeport currently stands as one of the largest contributors to\nIndonesia\u2019s state revenue.<\/p>\n<p>\u201cSo if they want to follow the rules, we allow them to mine at\nFreeport. It\u2019s been how many decades. Freeport now produces one of our\nlargest revenues. We allow it,\u201d Prabowo remarked, suggesting that\ncompliance with Indonesian law is the key to longevity for foreign\nfirms.<\/p>\n<p>Indonesia continues to enforce a strict ban on the export of raw\nminerals, requiring all natural commodities to undergo processing within\ndomestic industrial zones before being shipped abroad. This policy aims\nto transform Indonesia from a raw material exporter into an industrial\npowerhouse.<\/p>\n<p>\u201cRaw materials, we ask for processing. If they want to mine and\nprocess here, then certainly,\u201d the President asserted.<\/p>\n<p>By ensuring that critical minerals are processed locally at fair\nmarket prices, the government aims to build national economic\nindependence while maintaining strong international trade relations.\n(Naura Sofia\/Bambang MBKA)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/foreign-investment-must-support-indonesias-downstream-mandate-1774338681",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}