Indonesia will add at least one of Japan or South Korea to its list of designated countries eligible for the relaxed export proceeds rule within the next 6 to 12 months.
TrueJudged 13 November 2026
Coordinating Economic Minister Airlangga Hartarto announced on 6 November that South Korea, Japan and the European Union have been added to the countries whose shareholders qualify mining exporters for the relaxed export proceeds rule. The expansion was agreed at a coordination meeting on 3 November. Qualifying exporters keep 30% of their proceeds in designated domestic accounts for three months, instead of 100% for 12 months. The earlier list covered the United States, Canada, China, Hong Kong and Australia.
The scheme, which lets qualifying mining exporters retain just 30% of forex proceeds for three months instead of the standard 100% for 12 months, currently covers only investors from the United States, China, Hong Kong, Australia and Canada. Major Japanese and Korean investors in Indonesian nickel processing, holding stakes comparable to those from covered countries, have strong incentive to lobby for inclusion, and Jakarta has previously expanded similar carve-outs under bilateral pressure.
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