Bali Compendium, Indonesia's Weapon Against Downstream Sector Opponent
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.