Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Kartini L Makmur, Robert Sidauruk
Despite being one of the largest tin producers in the world, Indonesia does not have a proper regulatory framework for managing tin trading. Many commentators and stakeholders believe this situation has it roots in the broad authority of the Indonesian Commodity and Derivative Exchange (BKDI) and its monopolization of the administration of the tin business in Indonesia.
Marwan Batubara, Director of Indonesian Resources Studies (IRESS), believes that the Government is deliberately neglecting the tin trading system by continuing to postpone the revision to Minister of Trade Regulation No. 32 of 2013 on Export of Tin (Regulation).
“The Ministerial Regulation must be revised,” said Mr. Batubara in Jakarta on Monday.
Mr. Batubara contends that the Regulation provides broad authority to BKDI for the management of the tin trading system which has resulted in unhealthy market practices in this sector. Small and medium tin producers, according to Mr. Batubara, consider the current trading system a cartel run by BKDI that only favors big producers.
“If the Government keeps postponing the revision, the tin trading system will become more chaotic,” asserts Mr. Batubara.
In response to this criticism, Bachrul Chairi, Director General for Foreign Trade at the Minister of Trade, has advised that the Government has almost completed the revision. However, Mr. Chairi could not give specific details as to when the revision will be issued.
“The revision is currently awaiting approval from the Minister of Trade,” Mr. Chairi explained.
While refusing to elaborate on the revision in detail, Mr. Chairi asserted that the BKDI will remain the institution that is responsible for managing overseas trade of tin. However, the Government, through the Indonesian Commodities Futures Trading Supervisory Agency (Bappebti), may appoint additional institutions to undertake overseas trade if they are deemed capable.
“The Bappepbti may appoint additional institutions to perform overseas trade in tin,” concluded Mr. Chairi.
(hot/kc)
Kartini L Makmur, Robert Sidauruk
Despite being one of the largest tin producers in the world, Indonesia does not have a proper regulatory framework for managing tin trading. Many commentators and stakeholders believe this situation has it roots in the broad authority of the Indonesian Commodity and Derivative Exchange (BKDI) and its monopolization of the administration of the tin business in Indonesia.
Marwan Batubara, Director of Indonesian Resources Studies (IRESS), believes that the Government is deliberately neglecting the tin trading system by continuing to postpone the revision to Minister of Trade Regulation No. 32 of 2013 on Export of Tin (Regulation).
“The Ministerial Regulation must be revised,” said Mr. Batubara in Jakarta on Monday.
Mr. Batubara contends that the Regulation provides broad authority to BKDI for the management of the tin trading system which has resulted in unhealthy market practices in this sector. Small and medium tin producers, according to Mr. Batubara, consider the current trading system a cartel run by BKDI that only favors big producers.
“If the Government keeps postponing the revision, the tin trading system will become more chaotic,” asserts Mr. Batubara.
In response to this criticism, Bachrul Chairi, Director General for Foreign Trade at the Minister of Trade, has advised that the Government has almost completed the revision. However, Mr. Chairi could not give specific details as to when the revision will be issued.
“The revision is currently awaiting approval from the Minister of Trade,” Mr. Chairi explained.
While refusing to elaborate on the revision in detail, Mr. Chairi asserted that the BKDI will remain the institution that is responsible for managing overseas trade of tin. However, the Government, through the Indonesian Commodities Futures Trading Supervisory Agency (Bappebti), may appoint additional institutions to undertake overseas trade if they are deemed capable.
“The Bappepbti may appoint additional institutions to perform overseas trade in tin,” concluded Mr. Chairi.
(hot/kc)