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View all search resultsCoordinating Economy Minister Airlangga Hartarto announced in a press conference on Sunday that a seven-month transition phase will run from June 1 to Dec. 31, while exporting companies will continue to execute their regular shipping activities.
The idea of centralizing export control for certain natural resources in a single institution is not new, and the failed experiment of such an agency for cloves serves as a case study on why not to pursue that course again, especially for major commodities like coal, CPO and ferroalloys.
The new policy signals a shift toward tighter state control over trade, and experts warn that, if not implemented carefully, it could undermine the goal stated by the government, which is to boost state revenue collection by preventing invoicing fraud.
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