TheJakartaPost
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Indonesian President Joko “Jokowi” Widodo instructed his ministers not to lose focus on establishing the country’s downstream industry in light of a recent recommendation from the International Monetary Fund (IMF) for the country to review its downstream policy and consider a phased elimination of the ban on nickel ore exports.
Coordinating Maritime and Investment Affairs Minister Luhut Pandjaitan will meet the IMF to explain Indonesia's downstream policy, while Investment Minister Bahlil Lahadalia says he has been asked by the President to fight for the policy.
Experts believe a disparity between global and domestic prices is what motivated some exporters to flout the country’s nickel export ban by selling to China, and they want the government to make policy changes to address the gap.
