Prabowo’s ‘one-stop export policy’ receives support from the business community. What impact will this have on Indonesia?
President Prabowo Subianto’s ‘one-stop export policy’ has received a positive response from the business community.
This is remarkable, as many had previously predicted that the business community would reject or oppose major changes to the national export policy.
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However, the opposite has proven to be the case. The business community believes that this policy can be an important step in strengthening export policy for Indonesia’s strategic natural resources.
According to them, a more integrated system can ensure more transparent trade, better oversight, and more stable export income, which benefits the national economy.
One of the supporters is the Indonesian employers’ organization. This organization believes that the ‘one-stop export policy’ can be an instrument to increase accountability in international trade while simultaneously combating the practice of under-invoicing, where export values are reported lower than their actual value. If this practice can be limited to a minimum, the country has the potential to obtain more accurate trade data and optimize foreign currency revenue.
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However, the business community also expressed a number of important remarks. They hope that the government can establish clear transitional arrangements, a transparent price mechanism, and efficient export procedures.
This is considered crucial to prevent policy implementation from creating new obstacles that could disrupt smooth exports and the global supply chain.
The business community emphasized that a good system must not only provide robust oversight but also safeguard Indonesia’s competitive position in the international market.
The mining sector also expressed a positive view. Various mining associations welcomed the government’s efforts to improve governance in the minerals and coal sector (Minerba).
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They view this step as part of reforms aimed at increasing transparency and efficiency in the management of national natural resources. According to the Coordinating Minister of Economic Affairs, Airlangga Hartarto, the positive responses from these associations and the business community will be conveyed directly to President Prabowo as a show of support for the government’s policy.
Notably, almost all involved trade associations have expressed their willingness to cooperate with Danantara Sumber Daya Indonesia in the implementation of the new system.
This situation demonstrates a shared vision between the government and the business community. When regulators and business players pursue the same goals, the likelihood of a successful policy is greater.
If the implementation proceeds according to plan, Indonesia can achieve a number of strategic benefits, including securing foreign currency from exports, increasing the transparency of trade data, more effective supervision, and higher state revenues from the natural resources sector.
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Ultimately, the success of the ‘one-stop-shop’ export policy will be measured not only by the quality of supervision but also by its ability to create a transparent and efficient system that can support long-term national economic growth. ***tok
