MOSCOW, September 23 Indonesian Foreign Minister Retno Marsudi called for demonopolizing the global supply chain and ending trade discrimination by “some” developed countries.
Indonesia is challenging its rights as a manufacturer and supplier of nickel products with two partners at once — the United States and the European Union. At the sites of international organizations and in bilateral negotiations, the Indonesian side proves that it has both the right to prohibit the export of raw materials for the purpose of its independent processing, and the right to fair subsidies for its products.
“Colleagues, every country has an equal right to development and growth, but only a small select group of countries benefit from the current international situation. Trade discrimination against developing countries continues to occur. Some developed countries have monopolized the global supply chain,” Marsudi said at a UN session. in NYC. The diplomat's speech was broadcast on the UN YouTube channel.
Marsudi added that processing raw materials should not be the privilege of a select few developed countries.
Earlier, the US released rules on green subsidies for minerals used in the production of electric vehicles. Indonesia, which has the largest nickel ore reserves, did not receive a mention.
Indonesian authorities have also banned the export of nickel ore from January 1, 2020. But the policy has sparked protests from the European Union because the nickel export ban affects stainless steel production.