Expert says PT DSI can prevent under-invoicing in commodity exports
The establishment of PT Danantara Sumberdaya Indonesia (DSI), a state-owned export entity, is seen as a government instrument to strengthen oversight of strategic commodity exports and close loopholes in national revenue from natural resources (SDA).
Economic observer Ronny P Sasmita from the Indonesia Strategic and Economic Action Institution (ISEAI) said that the current trade management for commodities such as crude palm oil (CPO) and coal still faces serious issues, including under-invoicing, transfer pricing, and Indonesia’s weak bargaining position in global markets.
“Centralising exports is a swift and robust structural solution to halt national revenue leaks from financial manipulation,” Ronny said.
Consequently, government revenue and foreign exchange earnings are not optimally entering the domestic financial system.
Ronny argued that a single-channel export model via PT DSI would give the government greater control over the volume, quality, and actual prices of commodities sold internationally.
“The state would have full control over the volume, quality, and real value of commodities sold to international markets transparently,” he added.
Beyond strengthening export oversight, Ronny believes PT DSI’s establishment could enhance Indonesia’s bargaining power globally.
As the world’s largest CPO producer and major coal exporter, Indonesia has historically been a “price taker” due to domestic exporters operating independently.
“By consolidating all export volumes under a single national banner, Indonesia can transform into a force capable of regulating supply rhythms and strengthening its bargaining position,” he said.
Ronny also noted the model could help ensure domestic needs are met before exports, particularly for strategic energy and food commodities.
Despite criticism of potential monopoly creation, Ronny argued the scheme is justifiable if implemented for national interest and improved natural resource governance.
“By shifting the public narrative from business barriers to economic sovereignty as per Article 33 of the 1945 Constitution, the government should be able to organically garner public support,” Ronny said.