Bali Compendium, Indonesia's Weapon Against Downstream Sector Opponent

By Editorial Team 27/09/2022
Drafts of law
Summary

Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said the G20 forum succeeded in establishing the Bali Compendium. This agreement prevents other countries from interfering in Indonesia's industrial downstream policies, including the issue of export bans at the World Trade Organization (WTO).

Bahlil explained that the Bali Compendium is a non-binding agreement that provides space for each G20 country to formulate strategic investment policy steps by taking into account the advantages of their country. With this agreement, other countries should not interfere with each other and dispute a country's policies.

"So, no one can stop us from banning our commodities' export. This respects every internal policy between countries," Bahlil said on Monday.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.