Indonesia to bypass ‘neighbour’ middlemen in natural resource exports
The Straits Times · The Straits Times ·
It says routing shipments through third countries costs it billions of rupiah in potential revenue. Read more at straitstimes.com.
- Indonesia wants direct exports of palm oil and other resources, not shipments through neighbouring countries. Officials say middlemen cut prices and cost billions in lost revenue.
- Minister Zulkifli Hasan said Indonesia, a top producer of CPO, nickel and tin, loses control when goods are re-exported by others. He called for “direct exports” to final buyers.
- The National Energy Council backed the plan, saying it could improve transparency and bargaining power. It has not yet measured the extra state revenue the policy may bring.
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