RI forms agency to support transparency in natural resource exports
According to the country’s sovereign wealth fund Danantara CEO Rosan Roeslani, the establishment of this special agency is a follow-up of President Prabowo Subianto’s directive to the State-Owned Enterprise Regulatory Agency (BP BUMN) to improve the management of natural resources trade to make it more transparent and accountable.
“We want to emphasize transaction transparency,” Rosan said here on Wednesday, following the submission of the government’s Macroeconomic Framework and Fiscal Policy Principles (KEM-PPKF) for 2027.
DSI is established based on the government’s findings on persistently high levels of under-invoicing and transfer pricing practices in a number of Indonesian export commodities for years.
These practices are considered to impact state revenues from taxes, royalties, and foreign exchange, and even affect the validity of national trade data—a long-standing government concern, Rosan explained.
Therefore, Danantara established DSI as a platform that will monitor the transparency of export transactions, from volume and price to commodity delivery mechanisms.
The government will begin implementing the initial phase of this mechanism from June to December 2026, requiring comprehensive reporting of all natural resource export transactions to DSI.
At this stage, exporting companies are required to report transaction details in advance so the government can evaluate whether the listed prices align with global market indices and are fair prices.
Danantara emphasized that the policy is not intended to hinder trade but rather to create a more open trading system between sellers, buyers, and the government in accordance with international market mechanisms.
Starting in January 2027, the government will implement export transactions through a digital platform prepared by Danantara to increase efficiency and strengthen oversight of national commodity trade.
Danantara stated that the platform is designed as an integrated system that is expected to provide broader benefits for businesses, the government, and the public through more transparent trade governance.
Rosan emphasized that all technical mechanisms and procedures will be developed openly while upholding the principles of good governance so that its implementation can be understood and accepted by all national industry players.
He added that the government is also providing a transition period and gradual evaluation over the next few months to ensure optimal implementation of the new system without disrupting national export activities.
Through the establishment of DSI, the government hopes that trade in Indonesian natural resource commodities will become more transparent, increasing the added value of the national economy and improving its benefits for the welfare of the people.
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Translator: Muhammad Harianto, Yashinta Difa