State-Owned Enterprises to Take Over Export Transactions for Strategic Commodities from June 2026

JAKARTA, KOMPAS.com - The Government of the Republic of Indonesia is preparing a new framework for the governance of export of natural resource commodities (SDA). The scheme will be implemented in phases starting on 1 June 2026. President of the Republic of Indonesia, Prabowo Subianto, said that State-Owned Enterprises (SOEs) will assume the main role in export trading transactions for strategic commodities. ‘Today, the Government of the Republic of Indonesia, which I lead, has completed a Government Regulation (PP) on the Governance of Export of Natural Resource Commodities,’ he said during the presentation of the Macro-Economic Framework and Key Fiscal Policy Guidelines (KEM-PPKF) 2027 at a plenary session of the Indonesian House of Representatives (DPR RI) on Wednesday, 20 May 2026. The policy will begin with several major commodities, such as oil, palm oil, coal, and iron alloy products and minerals. The policy’s implementation is divided into two phases. Phase one runs from 1 June to 31 August 2026. Exporting companies will begin the transition of their export-import trading transactions to SOEs. This transition period requires companies to shift their export transactions to the SOEs. SOEs will also begin handling transactions and contracts with all foreign buyers. Phase two starts on 1 September 2026. Implementation will be carried out in full. The scheme also places responsibility and authority for export management entirely in the hands of SOEs. The export management process is divided into three main stages: pre-clearance, clearance, and post-clearance. The pre-clearance stage requires exporters to meet legality, licensing, and documents relating to prohibitions and restrictions or Lartas. These documents include the Tax Identification Number (NPWP), the Business Identification Number (NIB), sanitary and phytosanitary (SPS) documents, certificate of origin (COO), and certain export permits.