Downstreaming is Non-Negotiable! Prabowo Emphasises Conditions for Foreign Investment in Indonesia

Jakarta - President Prabowo Subianto has emphasised that Indonesia’s openness to investment cooperation with the United States remains within the framework of national interests. He stressed that, although discussions on tariff agreements with the US are underway, every investment entering Indonesia must comply with applicable regulations, particularly in the management of natural resources. In his statement, Prabowo highlighted the importance of implementing international market prices in the management of critical minerals. According to him, Indonesia is open to foreign investors as long as they follow the established provisions. The President also explained that foreign involvement in the mining sector is not new. He cited the long-standing cooperation, such as the management of Freeport, which is now one of the largest contributors to state revenue. “If they want to follow the rules, we allow it. Freeport has been operating for decades and now provides significant contributions to state revenues,” he said. “Raw materials must be processed domestically. If they want to mine and process here, we certainly support it,” he asserted. He also added that critical minerals are strategic commodities that must deliver maximum economic value for Indonesia.