Jakarta, CNN Indonesia – President Jokowi will ban tin export starting in 2024. This is precisely after the government banning on copper.
Jokowi explained that the government would first ban bauxite exports in 2022. After that, copper exports would be banned in 2023.
“Next year, we stop bauxite export, then copper, and tin,” said Jokowi at the 7th Anniversary of the Indonesian Solidarity Party, Wednesday (22/12).
The ban on exports of raw materials is carried out in order to build downstream ecosystem in Indonesia. Later, all raw materials will be processed domestically.
He said the country would benefit many times over if it banned the export of raw materials. This is because all the raw materials will be processed domestically.
If the processed products are exported abroad, then there will be added value compared to only exporting them when they are still raw. Thus, the selling price is higher.
“There will be no more exports of raw materials, if it is carried out by 2023-2024, Indonesia’s GDP could triple by 2030,” said Jokowi.
If GDP soars, automatically the per capita income of Indonesian people will also increase. Jokowi projects that the income per capita of the Indonesian people can reach US$ 11,000-US$15,000 in 2030.
Previously, the government had also banned nickel exports. This has been done since January 2020. The ban on nickel exports is stated in the Regulation of the Minister of Energy and Mineral Resources Number 11 of 2019 concerning the Second Amendment to the Regulation of the Minister of Energy and Mineral Resources Number 25 of 2018 concerning Mineral and Coal Mining.