{
    "success": true,
    "data": {
        "id": 1630139,
        "msgid": "prabowo-prioritises-downstreaming-despite-indonesias-tariff-agreement-with-the-us-1774198241",
        "date": "2026-03-22 22:42:00",
        "title": "Prabowo Prioritises Downstreaming Despite Indonesia's Tariff Agreement with the US",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Mining",
        "summary": "President Prabowo Subianto has affirmed that while Indonesia remains open to investment cooperation with the United States, all such investments must align with national interests, particularly in the management of natural resources. He emphasised the importance of applying international market prices for critical minerals and upholding the principle of downstream processing, prohibiting the export of raw materials without domestic refinement. This stance, illustrated by the long-standing operations of Freeport as a major revenue contributor, ensures that foreign involvement in mining supports Indonesia's economic value maximisation through hilirisasi.",
        "content": "<p>President Prabowo Subianto has emphasised that openness to investment\ncooperation with the United States remains within the framework of\nnational interests. He stressed that, despite discussions on tariff\nagreements with the US, all investments entering Indonesia must comply\nwith applicable regulations, especially in the management of natural\nresources. In his statement, Prabowo highlighted the importance of\nimplementing international market prices in the management of critical\nminerals. He affirmed that Indonesia does not close access to foreign\nparties, as long as they adhere to the provisions set by the government.\n\u201cRegarding critical minerals. I have said, we are open. But everything\nat market price. At economic price,\u201d the President stated in an\ninterview quoted on Sunday, 22 March 2026. Furthermore, he explained\nthat foreign involvement in the mining sector is not new. The\ngovernment, he said, has long granted permits, such as in the case of\nFreeport, which now contributes significantly to the state\u2019s revenue.\n\u201cSo if they want to follow (the rules), we permit them to mine at\nFreeport. It has been decades. Freeport now generates one of our largest\nrevenues. We permit it,\u201d he continued. Nevertheless, the President\nemphasised that the principle of downstream processing remains the\nprimary requirement. Indonesia does not allow the export of raw\nmaterials without processing in the country. \u201cRaw materials, we ask to\nbe processed. If they want to mine and process here, of course,\u201d he\nasserted. He also reiterated that critical minerals are commodities that\nmust provide maximum economic value for Indonesia. \u201cCritical minerals\nare a commodity. If they pay international market price, whether they\noperate or we do, we get the economic value. The important thing is we\ngive access,\u201d he said. Thus, foreign investment remains open, but it\nmust submit to national regulations and support downstream\nprocessing.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prabowo-prioritises-downstreaming-despite-indonesias-tariff-agreement-with-the-us-1774198241",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}