Jakarta's Power Play: Indonesia's Trade Takeover and its Global Implications Indonesia's sudden move to centralize control over key commodities has sent shockwaves across international markets, leaving many wondering if this is a hostile takeover or a carefully calculated power play by President Prabowo Subianto.
The new regulation mandates that a state owned enterprise will handle the country's exports of coal, palm oil, and iron alloys by September.
The stakes are high for China, Indonesia's largest trading partner, particularly with Indonesia supplying critical commodities like nickel used in electric vehicle batteries and stainless steel.