China respects Indonesia's single-door export policy for strategic commodities

China’s Ambassador to Indonesia, Wang Lutong, has stated that his country respects Indonesia’s decision to optimise the management of its resources, including by establishing a single-door export policy for strategic resources. “We understand Indonesia’s efforts to optimise the management of strategic resources and enhance resource utilisation in the context of national development,” Wang said in an exclusive written interview with ANTARA. When asked to comment on the establishment of PT Danantara Sumberdaya Indonesia (DSI), he expressed China’s readiness to continue strengthening policy coordination, creating a stable policy ecosystem for businesses from both countries, and expanding concrete cooperation to achieve mutual progress. Moreover, the industry and supply chains between Indonesia and China are already deeply integrated, with the two countries’ economies being complementary and possessing a solid foundation for cooperation. However, Ambassador Wang expressed hope that in implementing such policies, Indonesia would pay attention to the interests of all stakeholders, policy consistency and certainty, and strengthen research and studies as a basis for policy formulation. “We also hope that conducive supporting measures to maintain the market and facilitate business development can be enacted at the appropriate time,” he added. By maintaining market confidence in this way, an adequate business ecosystem for business operations and trade cooperation can be preserved, and cooperation between Indonesia and China can grow even stronger, Wang said. The Indonesian government established DSI to manage and oversee export transactions of strategic natural resource commodities. The company’s formation was prompted by the persistent practice of under-invoicing and transfer pricing in a number of Indonesia’s export commodities over the years. In its initial phase, which runs until the end of 2026, DSI will oversee the export reporting of coal, palm oil, and ferroalloy commodities. DSI’s role will later be expanded according to the government’s needs and the company’s readiness. Starting 1 January 2027, DSI is planned to act as a trading company that purchases commodities from exporters and sells them to the international market, with the sales proceeds returning to Indonesia.