ASIATODAY.ID, JAKARTA — Indonesia will fully implement its one-stop export system for strategic natural resources through the newly established PT Danantara Sumberdaya Indonesia (DSI) on 1 September 2026, four months ahead of the original target of 1 January 2027, in one of the country’s most significant trade governance reforms in recent years.
President Prabowo Subianto announced the accelerated timeline during a plenary Cabinet meeting on Monday, saying the policy is intended to strengthen oversight of strategic commodity exports, combat under-invoicing and transfer pricing, and ensure Indonesia captures a larger share of the value generated by its abundant natural resources.
The initiative forms part of the government’s broader economic agenda to improve export governance, increase foreign exchange earnings, support downstream industrialization, and reinforce Indonesia’s position as a leading global supplier of strategic commodities.
“We are currently in the transition phase, and we expect full implementation on September 1, 2026,” Prabowo said.
DSI to Enhance Transparency Without Replacing Exporters
Providing further details, Danantara Indonesia Chief Executive Officer Rosan Roeslani said DSI will not replace exporters or take over their commercial relationships with overseas buyers.
Instead, exporters will continue negotiating contracts and conducting international sales directly, while DSI will initially function as a central monitoring and sales agency to improve transparency and strengthen oversight of export transactions.
Rosan said the operational framework is still being refined during the transition period ahead of full implementation.
As the reform progresses, DSI is expected to assume the role of a single sales agent, while exporters will continue carrying out export transactions with their international customers.
“The objective is not to disrupt business operations, but to ensure that export pricing reflects actual market conditions,” Rosan said.
Addressing Under-Invoicing and Transfer Pricing
Prabowo said the reform is aimed at eliminating under-invoicing, a practice in which export values are declared below actual transaction prices, reducing the amount of foreign exchange returning to Indonesia.
He cited the palm oil industry as an example, saying some export contracts had reportedly been declared at around Rp15,000 per kilogram, while prices in international trading hubs such as Rotterdam reached approximately IDR27,000 per kilogram.
According to the President, such pricing discrepancies have allowed a significant share of export earnings to escape Indonesia’s official financial system.
Rosan added that DSI will also strengthen oversight of transfer pricing by comparing declared export prices with internationally recognized commodity benchmarks.
The agency will monitor companies’ export reports to identify transactions priced significantly below prevailing market indices. He cited RBD Olein, a refined palm oil product, as one commodity where authorities have repeatedly identified gaps between declared export prices and benchmark market values.
Strengthening Indonesia’s Export Governance
Rather than centralizing commercial negotiations, the one-stop export system is designed to centralize transparency, monitoring, pricing oversight, and regulatory compliance for strategic commodity exports.
The reform is expected to improve the integrity of Indonesia’s export system, strengthen foreign exchange earnings, increase state revenues, and reduce opportunities for trade-related revenue leakages.
For international commodity traders, manufacturers, and investors, the policy signals Indonesia’s determination to establish a more transparent and accountable export framework while preserving market-based commercial relationships between domestic exporters and overseas buyers.
If implemented successfully, the new framework could become a cornerstone of Indonesia’s long-term strategy to maximize the economic value of its natural resources and strengthen its competitiveness within global commodity supply chains. (AT Network)
Follow Us at Google News, Instagram and LinkedIn