Industry stakeholders urge DSi export subsidiary regulations to be drafted

Jakarta (ANTARA) - Industry stakeholders have assessed the government’s efforts to overhaul export trade via PT Danantara Sumber Daya Indonesia (DSi) as a positive step for strengthening the national economy and farmers’ conditions. Rezki Sri Wibowo, Chairman of Arghajata Consulting, said the single window integration system would function optimally only if the government promptly releases detailed subsidiary regulations and provides legal certainty for existing business contracts. He emphasised that regulatory clarity is crucial to maintaining a stable logistics ecosystem and international forwarding partnerships within commodity supply chains. ‘I see DSi as part of the government’s effort to improve economic conditions and farmers’ welfare,’ he stated in Jakarta on Friday. Wibowo recommended the government develop oversight instruments that involve active public participation, aligning with natural resource sovereignty principles, to enhance institutional accountability. ‘This means incorporating public involvement in oversight to guarantee the rights of communities as primary beneficiaries,’ he added. Toto Pranoto, a state-owned enterprise observer at the University of Indonesia, noted that consolidating commodity exports through a single window has been practised by other countries. He cited Ghana’s successful establishment of a specialised cocoa export agency to strengthen global market competitiveness. ‘A strengthened bargaining position can optimally benefit all stakeholders if the managing institution prioritises leadership integrity and regular audits,’ he said. ‘The key issue is implementing robust operational mechanisms to ensure maximum benefits for the nation and other stakeholders,’ he added. Pran warnings that consistent transparency in information would minimise export document manipulation. ‘Compliance can be directly implemented through accountable standard operating procedures,’ he said regarding transparency. Fithra Faisal, a Principal Expert at the Indonesian Communication Bureau, stated the government is committed to creating transparent, accountable, and traceable upstream to downstream commodity governance to provide businesses with certainty through improved trade administrative management. ‘This strategic move is a long-term solution to consolidate export data and recover national assets lost to under invoicing and transfer pricing,’ he said. ‘With more systematic record-keeping, we can potentially add 0.8 percentage points to economic growth,’ Fithra added. He noted the government has been implementing consolidatory measures over the past six months to ensure DSi operates professionally. ‘We’ve adopted a consolidated export agency mechanism, which has precedents in countries like Qatar, Saudi Arabia, Malaysia, and India,’ he explained. Fithra projected DSi’s reforms could redirect 10-20% of under invoicing funds back into the country, increasing foreign reserves by $44 billion and strengthening the rupiah to Rp16,900 per US dollar. The government has set a six-month hybrid transition period before full implementation, in response to business community feedback.