TEMPO.CO, Jakarta - The Indonesian Ministry of Trade is drafting a new trade regulation that will govern the technical provisions for exporting three strategic commodities. The three commodities in question include crude palm oil (CPO), coal, and ferroalloy.
"Yes, automatically (the new Minister of Trade Regulation). This must be completed, it must be completed today. Today (completed), at the latest tomorrow, but technically it must be completed today," said Minister of Trade Budi Santoso when met at the Coordinating Ministry for the Economy in Jakarta, on Thursday, May 21, 2026, as quoted by ANTARA.
However, Budi did not explain in detail the contents of the regulation. He only explained that the regulation will govern the export mechanism for three commodities in line with the establishment of PT Danantara Sumberdaya Indonesia (DSI) as a state-owned enterprise (SOE) specializing in exports. "Yes, regarding the export of the three commodities," he said.
Previously, the government established PT DSI as a company tasked with managing and supervising transactions involving the export of strategic natural resource commodities. DSI will be implemented in two stages. In the first stage, from June 1 to December 31, 2026, DSI will act as an assessor and intermediary between the seller and buyer of specific export commodities.
Subsequently, starting in January 2027, DSI will transform into a trading company that directly purchases commodities from exporters, holds the goods, and bears the trading risks before selling them to the international market.
According to the destination country of the transaction, the proceeds from the sale of these commodities will be received in foreign currency, while still following applicable international trading practices. The proceeds from the sales will then be fully returned to Indonesia.
DSI was formed in response to the longstanding under-invoicing and transfer pricing practices of several Indonesian export commodities. The government believes that these practices negatively impact state revenues in terms of taxation, royalties, foreign exchange, and the accuracy of national trade data.
Therefore, Danantara formed DSI as a platform to supervise the transparency of export transactions, including volume, price, and the delivery mechanism.
Read: When Will Danantara Announce PT DSI's Board of Directors?
Click here to get the latest news updates from Tempo on Google News
Today's Top 3 News: Indonesia's Energy Revenue Hits 40% of 2026 Budget Target
1 jam lalu
Here is the list of the top 3 news on Tempo English today.
Danantara CEO Confirms Luke Thomas as DSI President Director
1 jam lalu
Danantara CEO Rosan Roeslani said the official announcement would be made once the entire board of directors had been appointed.
Prabowo Summons Ministers over Export Fraud, New SOE
2 jam lalu
President Prabowo Subianto summoned his economic ministers to discuss export fraud, under-invoicing data, and the setup of a new export SOE.
Purbaya Responds as Export Agency Triggers IHSG Plunge
3 jam lalu
Finance Minister Purbaya attributed the decline of IHSG to market players' lack of understanding of the new export policy.
When Will Danantara Announce PT DSI's Board of Directors?
19 jam lalu
Danantara has already secured candidates who will become the directors of PT DSI, the sole exporter of several commodities.
New Export Body Will Not Disrupt Commodity Market, Danantara Assures
20 jam lalu
Danantara affirms that the formation of PT Danantara Sumber Daya Indonesia (PT DSI) will not disrupt the export market of Indonesian commodities.
Prabowo Says New Export Agency Secured $150 Billion in Savings
1 hari lalu
Prabowo said the government is seeking to curb illegal mining, plantations, and fraud to address an estimated US$150 billion in annual export losses.
Oil Palm Farmers Warn of Monopoly Risks in New Export Rule
1 hari lalu
An oil palm farmers' association warns that President Prabowo's single-gate export policy could trigger monopolies and hurt independent farmers.
Which SOE Will Control Prabowo's Single-Gate Export?
1 hari lalu
President Prabowo Subianto mandates a single-gate export system for natural resource commodities through state-owned enterprises.
JCI Tumbles to 6,370 Amid Rumors of New Exports Body
1 hari lalu
JCI weakened as market players expressed concerns over the government's rumored plan to establish a special body for strategic commodity exports.
:strip_icc():format(jpeg)/kly-media-production/medias/4174191/original/099991100_1664358430-bacaan-doa-setelah-adzan-beserta-arti-dan-keutamaannya.jpg)
:strip_icc():format(jpeg)/kly-media-production/medias/5385863/original/035777200_1760946460-KIP_Kuliah.jpg)
:strip_icc():format(jpeg)/kly-media-production/medias/5502852/original/043074800_1771048777-4.jpg)
