Indonesia tightens control over key commodities in major trade takeover, influencing global exports
Published on: May 22, 2026, 12:28 p.m. | Source: Devdiscourse
Indonesia is overhauling its trade policies for key commodities in a sudden move that some experts liken to a hostile takeover of major industries in the resource-rich nation, with global implications.The new regulation announced to parliament Wednesday by Indonesian President Prabowo Subianto mandates that a recently set up state-owned enterprise will handle the countrys exports of coal, palm oil and iron alloys by September.Prabowo said one aim is to increase tax revenues.
