JAKARTA, May 31 (Xinhua) -- Indonesia on Sunday said it has assigned a newly established state-owned export enterprise, PT Danantara Sumberdaya Indonesia (DSI), to supervise the export of three strategic natural resource commodities, coal, palm oil and ferroalloys, under a new one-door export governance policy.
Coordinating Minister of Economic Affairs Airlangga Hartarto said at a Sunday press conference that the policy aims to strengthen supervision and control of natural resource exports.
The move is designed to combat under-invoicing, transfer pricing, and the flight of export proceeds, ensuring that recorded data reflects the true transaction value, the official said.
A transition period begins June 1, during which existing exporters may continue operations but must report all export activities to DSI. The government will evaluate the first three months of implementation to determine the next steps, with full implementation set no later than Jan. 1, 2027, he said. ■