Jakarta, November 25 (IANS)Indonesia plans to halt exports of raw materials in the next few years following the country’s current ban on shipping nickel ore.
At the 2021 annual meeting of the central bank of Indonesia on Wednesday, President Joko Widodo stressed that Indonesia will no longer export raw materials, the Xinhua news agency reported.
“We started this with nickel,” said the president. “Maybe next year, according to calculations, (we could) stop bauxite exports. The following year, (we could) stop copper exports. And the following year, (we could) stop tin exports.
“We want all these raw materials to be exported as semi-finished or finished products because what we want are added values,” said the president.
At the meeting attended by the country’s top officials, Widodo stressed that the plans are aimed at creating more investment in the country’s downstream industries, which will create more employment opportunities for Indonesians.
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