The Indonesian Government has really helpful that PNG adopt an identical method and implement a ban on raw materials exports. “Our authorities has already declared its intention to pursue downstream processing, and we do not have to reinvent the wheel. Indonesia is right next door, able to share its experience and supply help,” stated Minister Maru. He continued, “For nearly five decades, PNG’s engagement with Indonesia has largely focused on border and security talks, which haven’t resulted in improved border facilities, direct transport links, job creation, or important trade between our countries. It’s time for PNG to establish a strong commerce and funding relationship with Indonesia, which has already mastered downstream processing and worth addition. “Under the Marape-Rosso Government, PNG should shift away from being a mere exporter of raw materials.
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Minister Maru remarked, “Indonesia’s economic system has grown tenfold over the last 20 years, driven partially by the government’s coverage of banning raw materials exports. Minister Maru added, “While Indonesia has traditionally relied on imports of manufactured items, advanced know-how, and technical expertise, it has efficiently transitioned from a main sector economy to 1 centered on secondary and tertiary industries. “Downstream processing has been highly Business News profitable in Indonesia, creating 1000’s of jobs, transferring higher-value abilities, and introducing superior technological processes. The nickel SEZ at Weda Bay alone created eighty,000 direct jobs and 12,000 oblique jobs—more jobs than PNG’s whole mining and petroleum industries mixed. In 2022, funding in downstream mining surged to almost US$9.2 billion, in comparability with US$4.1 billion in 2019,” Maru famous, emphasising the significant function these investments have played in Indonesia’s mining business.
