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Indonesia plans to stop exports of raw materials following nickel ore shipment ban
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IANS | 25 Nov, 2021
Indonesia is planning to stop exports of raw materials in the next few
years following the country's current prohibition of nickel ore
shipment.
During the 2021 annual meeting of Indonesia's central
bank here on Wednesday, President Joko Widodo stressed that Indonesia
will no longer export raw materials, Xinhua news agency reported.
"We
have started this with nickel," said the president. "Maybe next year,
under calculations, (we may) stop bauxite exports. In the year after,
(we may) stop copper exports. And the following year, (we may) stop the
tin exports."
"We want all of these raw materials to be exported
in the form of semi-finished goods or finished goods because what we
want is added values," said the president.
At the meeting which
was attended by the country's top officials, Widodo emphasized that the
plans aim to create more investment of downstream industries in the
country which will create more job opportunities for Indonesians.
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