The Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves) responded to the International Monetary Fund/IMF) who asked Indonesia not to expand its nickel downstream policy by banning the export of raw materials in other commodities.
Spokesperson for the Coordinating Minister for Maritime Affairs and Investment Jodi Mahardi said Indonesia as a sovereign and developing nation wanted to strengthen downstream to increase added value.
“We feel grateful for the perspective that has been conveyed by the IMF. As a sovereign and developing nation, our view of the future is to strengthen our role in the downstream process, which refers to increasing the added value of our products, not just as an exporter of raw materials ,” said Jodi in an official statement, Thursday (29/6/2023).
“We are dedicated to building a sustainable and progressive economy, involving all levels of Indonesian society,” he added.
In addition, the downstream concept does not only include the process of increasing added value, but also the stages up to recycling which are an integral part of efforts to maintain the balance of the ecosystem and emphasize the importance of sustainability.
“We have no intention to unilaterally dominate all downstream processes. We will carry out the initial stages in Indonesia, but the next stages can still be carried out in other countries, mutually supporting their industries, in the spirit of mutually beneficial global cooperation,” he said.
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