Foreign Meddling Threatens Indonesia's Industrialization Agenda, Investment Minister Warns
Jakarta. Investment Minister Bahlil Lahadalia has revealed that certain countries are making attempts to thwart Indonesia's industrialization efforts. He has expressed concerns that these nations are attempting to undermine Indonesia's policy of ceasing the export of raw commodities, a move that could potentially target future Indonesian governments.
"I want to emphasize that various tactics or strategies might be employed to overturn the policy of ceasing the export of raw materials. This includes undermining our nationalistic principles. I strongly sense this," Bahlil remarked during a press conference on Monday.
Bahlil pointed out that the motivation behind a country's desire to impede Indonesia's industrialization stems from the disruption it causes to their own industries, which rely on raw materials such as nickel sourced from Indonesia.
"Therefore, let's not allow ourselves, as fellow citizens, to be manipulated by foreign entities. This concern is particularly pertinent during the presidential election," Bahlil urged.
"I am apprehensive that as we transition from President Joko Widodo's administration to a potential President Prabowo's, these challenges will persist, accompanied by certain intrigues," he added.
Since January 2020, the policy banning the export of raw nickel has been implemented. However, the enforcement of this policy has not been without challenges. With nickel production reaching 1 million metric tons, Indonesia has become the world's largest nickel producer. The ban on raw nickel exports has the potential to disrupt global nickel supply, triggering trade conflicts. Currently, the European Union, through the World Trade Organization (WTO), is challenging Indonesia's policy of banning raw nickel exports. However, Indonesia's primary goal in halting the export of raw mining materials is to increase domestic value-added through the industrialization of mining products.
Bahlil underscored that efforts by other countries to halt Indonesia's industrialization program pose a serious threat. He noted that such countries often resort to disturbing state officials who support the program.
"In the future, the elected President, Prabowo, has advocated for comprehensive industrialization. I am confident that this will continue and remain steadfast. Prabowo is committed to industrialization and cannot be influenced," he affirmed.
Furthermore, Bahlil stressed the importance of the incoming government fostering a robust industrialization ecosystem, including the development of electric vehicle component ecosystems.
Tags: Keywords:Related Articles
Indonesia Says Subsidized Fuel Stocks Cover 16–18 Days
Indonesia says fuel reserves remain adequate, with Pertalite stocks covering 16–18 days as Pertamina boosts deliveries.Indonesia Opens New LPG Plant in West Java to Reduce Import Dependence
Bahlil said the plant was expected to supply around 15% of LPG demand in Jakarta and West Java.Indonesia Aims $45 Billion Nickel Exports in 2026
Indonesia's nickel exports neared $34 billion in 2024, government data showed.Bahlil Says B50 Program Shields Indonesia from Diesel Import Disruptions
Indonesia says its B50 biodiesel program has ended diesel imports, even as Middle East tensions threaten global oil supplies.‘It’s Trump Who Sets Oil Price’: Prabowo’s Brother
Neither the Indonesian government nor OPEC sets the oil price, Hashim Djojohadikusumo says.Indonesia Rewrites Its Economic Model to Power Faster Growth
Indonesia bets on investment, downstream industries and clean energy to achieve 8% economic growth.Indonesia Insists on Deciding Singapore Power Export Price
Senior minister Bahlil Lahadalia says that Indonesia doesn't want to sell its electricity cheaply.Indonesia’s 1M-Bpd Oil Import Gap Is ‘Miserable’, Bahlil Says
Indonesia’s oil lifting meets the 2025 target, but Bahlil calls the 1M-bpd import gap “miserable” as demand hits 1.6M bpd.Bahlil Signals More Ministries May Join New Downstream Coordination
Bahlil signals one or two more ministries could join the new downstream coordination, with the Industry Ministry among those considered.Bahlil: Coal Quotas Needed to Protect Indonesia’s Pricing Power
Bahlil says tighter coal quotas are needed to control supply, prevent oversupply and strengthen Indonesia’s influence over coal prices.The Latest
UN Boss Wants to Fix Security Council as Indonesia Seeks Seat
Outgoing UN chief Guterres says the current permanent member setup at the Security Council fails to reflect today's realities.Saudi Flagship Investment Conference Pushed to 2027 after Houthi Attacks
The annual Future Investment Initiative (FII), often dubbed "Davos in the Desert", was originally scheduled to take place from October 26-29Government Sets Aside Rp 1.3 Quadrillion for Final-Quarter Spending
Government spending has reached Rp 2.66 quadrillion, equivalent to 69.2% of the full-year budget target of Rp 3.84 quadrillion.Indonesia Probes 98 Corporate Wildfire Cases, Including Possible Foreign Links
Police investigate 98 corporate-related wildfire cases, including possible links to investors from neighboring countries.Students Plan Jakarta Protests to Mark Two Years of Prabowo's Presidency
Police have advised the public to avoid areas around the House of Representatives complex, the National Monument and the State Palace.Most Popular
