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Indonesia exports natural raw materials against its will after its defeat

 


We are forced to export (against our will) although the goods clearly belong to us

Jakarta (ANTARA) – President Joko Widodo (Jokowi) has pointed out that Indonesia is now forced to export its natural products against its will following the defeat at the World Trade Organization (WTO).

The WTO Dispute Settlement Body has ruled in favor of the European Union (EU) which challenged Indonesia’s nickel ore export ban imposed in October 2022.

“During the VOC period, the colonial period, there was forced labor and forced plantations. Yet, in these modern times, the new form of forced export is appearing,” the chairman said at the Kompas100 CEO Forum since the State Palace here, Friday.

The President questioned the parties challenging Indonesia’s right to treat natural resources according to its will.

“We are forced to export (against our will) when the goods clearly belong to us,” he said.

Related News: North Maluku expected to maintain regional economic growth: Jokowi

The president explained that the nickel ore export ban since 2020 aims to encourage the downstream process to create derivative products for electric vehicle batteries in Indonesia.

Apart from developing the electric vehicle production ecosystem in Indonesia, the downstream process before exporting will create new jobs for the people and increase the value of export products, he noted.

Related news: Indonesia should have a strategy to become stronger and independent: Widodo

“We are ready to develop the greater ecosystem because our nickel reserves are the largest in the world, while tin is second, bauxite sixth and copper seventh – we have it all. To develop the ecosystem battery electric vehicles, we are only short of lithium,” Jokowi remarked.

He said Indonesia would appeal the WTO ruling as it is not yet legally binding in a bid to support the development of the electric vehicle ecosystem in Indonesia.

“(If we don’t act), the greater ecosystem we aspire to will not become a reality,” the president stressed.

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2/ https://en.antaranews.com/news/263491/indonesia-to-unwillingly-export-natural-commodities-following-defeat

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