{"id":227114,"date":"2021-09-15T19:49:53","date_gmt":"2021-09-15T12:49:53","guid":{"rendered":"https:\/\/setkab.go.id\/?p=227114"},"modified":"2021-09-17T05:57:27","modified_gmt":"2021-09-16T22:57:27","slug":"commodity-based-economic-structure-must-be-changed-president-jokowi-says","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/commodity-based-economic-structure-must-be-changed-president-jokowi-says\/","title":{"rendered":"Commodity-based Economic Structure Must be Changed, President Jokowi Says"},"content":{"rendered":"<div id=\"attachment_227118\" style=\"width: 682px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-227118\" class=\"size-full wp-image-227118\" src=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2021\/09\/Picture12.png\" alt=\"\" width=\"672\" height=\"448\" \/><p id=\"caption-attachment-227118\" class=\"wp-caption-text\">President Joko Widodo attends groundbreaking ceremony of electric vehicle battery factory PT HKML Battery Indonesia in Karawang regency, West Java province, on Wednesday morning (15\/09\/2021). (Photo: PR \/Agung)<\/p><\/div>\n<p>President Joko \u201cJokowi\u201d Widodo emphasized that Indonesia should free itself from the trap of being raw materials exporting country immediately. The statement was made at the groundbreaking ceremony of electric vehicle battery factory PT HKML Battery Indonesia in Karawang regency, West Java province, on Wednesday morning (15\/09\/2021).<\/p>\n<p>\u201cIndonesia\u2019s key business strategy is to free itself from the trap of being raw materials exporting country immediately and not to depend on imported products by speeding up the revitalization of processing industry. So, this strategy will give more added value to the economy,\u201d he uttered.<\/p>\n<p>Moreover, Indonesia should be committed to change the economic structure from commodity-based to downstream industry and industrialization. Indonesia should be a strong industrial country based on the development of technological innovation.<\/p>\n<p>\u201cThe establishment of this factory is a proof of the Government\u2019s seriousness in downstreaming the industry. The golden era of raw material commodities has ended and we should be committed to change economic structure from commodity-based to downstream industry,\u201d he said.<\/p>\n<p>The Head of State elaborated that Indonesia has the biggest nickel resource in the world. With that huge potential and supported by a good management, it is estimated that in the next three or four years, Indonesia will be a major manufacturer for nickel-based products, such as lithium battery, electrical battery, and electrical vehicle battery.<\/p>\n<p>\u201cNickel downstream industry will increase added value of nickel ore significantly. If nickel ore is processed into battery cell, then it will increase the value six to seven times. And, if it is processed into electrical vehicle, the value will increase even more to eleven times,\u201d he explained.<\/p>\n<p>On the event, President Jokowi also reaffirmed the Government\u2019s commitment to conduct structural reforms in order to improve the country\u2019s ease of doing business.<\/p>\n<p>\u201cThe Government will also encourage structural reforms to ensure legal certainty and \u00a0simpler licensing [process] for business owners and investors to develop their business in Indonesia. The Government will also welcome initiatives for cooperation with friendly countries,\u201d he said. <strong>(TGH\/UN) (AW\/MMB)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joko \u201cJokowi\u201d Widodo emphasized that Indonesia should free itself from the trap of being raw materials exporting country immediately. The statement was made at the groundbreaking ceremony of electric vehicle battery factory PT HKML Battery Indonesia in Karawang regency, West Java province, on Wednesday morning (15\/09\/2021). \u201cIndonesia\u2019s key business strategy is to free itself [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":227118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77,66],"tags":[],"class_list":["post-227114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-uncategorized-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v26.1.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Commodity-based Economic Structure Must be Changed, President Jokowi Says - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/commodity-based-economic-structure-must-be-changed-president-jokowi-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commodity-based Economic Structure Must be Changed, President Jokowi Says - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"President Joko \u201cJokowi\u201d Widodo emphasized that Indonesia should free itself from the trap of being raw materials exporting country immediately. The statement was made at the groundbreaking ceremony of electric vehicle battery factory PT HKML Battery Indonesia in Karawang regency, West Java province, on Wednesday morning (15\/09\/2021). \u201cIndonesia\u2019s key business strategy is to free itself [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/setkab.go.id\/en\/commodity-based-economic-structure-must-be-changed-president-jokowi-says\/\" \/>\n<meta property=\"og:site_name\" content=\"Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/id-id.facebook.com\/Setkabgoid\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-15T12:49:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-16T22:57:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2021\/09\/Picture12.png\" \/>\n\t<meta property=\"og:image:width\" content=\"672\" \/>\n\t<meta property=\"og:image:height\" content=\"448\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; 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