Prabowo: Single-door export policy for palm oil, coal aims for public welfare

President Prabowo Subianto has asserted that Indonesia's policy of regulating natural resource exports through a single channel is a strategic government initiative designed to ensure the nation's wealth maximally benefits all its citizens. He highlighted that historically, a significant portion of profits from Indonesia's natural resource management flowed overseas, rather than being fully enjoyed by the domestic population.

"For too long, a portion of the profits from natural resources has flowed abroad and did not stay on our Motherland. Therefore, the government has determined a single-door policy for natural resource exports," President Prabowo stated during the commemoration of Pancasila's birthday in Jakarta on Monday. This policy aims to redirect economic gains back into the country.

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For too long, a portion of the profits from natural resources has flowed abroad and did not stay on our Motherland. Therefore, the government has determined a single-door policy for natural resource exports.

President Prabowo also underscored the critical importance of substantial investment in industrialization, particularly focusing on downstream processing to add value to natural resources. Furthermore, the government is working to strengthen the management of export earnings to ensure that the economic advantages derived from national natural wealth are more tangibly felt by the public. This includes ensuring that foreign exchange from exports is managed effectively for national development.

He further elaborated that Indonesia's economic development must remain grounded in the values of Pancasila, including principles of egalitarian economics and a focus on the people's interests. Prabowo believes the direction for national economic development was clearly outlined by the nation's founders in Article 33 of the 1945 Constitution. The Indonesian economy should be structured as a collective effort based on kinship. Consequently, strengthening cooperatives is a key government agenda item to improve public welfare and reduce poverty. "Therefore, cooperatives must be strengthened, cooperatives must rise. Cooperatives are one of the tools to lift our people from poverty and powerlessness. Small and medium enterprises must be strengthened, and villages must become new economic growth centers," the President declared. Ultimately, Prabowo emphasized that the end goal of national economic development is to achieve social justice for all Indonesian people, ensuring economic growth is accompanied by equitable distribution of development outcomes so that progress benefits all segments of society.

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Therefore, cooperatives must be strengthened, cooperatives must rise. Cooperatives are one of the tools to lift our people from poverty and powerlessness. Small and medium enterprises must be strengthened, and villages must become new economic growth centers.