NEW REGULATIONS ON IMPORT AND EXPORT MANAGEMENT RIGHTS GRANTED TO COMMERCIAL AND MATERIAL SUPPLY ENTERPRISES

With the approval of the State Council, State Economicand Trade Commission, Ministry of Foreign Trade and EconomicCooperation and Ministry of Internal Trade recently issued theCircular Regarding Some Relevant Issues in Granting Import andExport Management Rights to Commercial and Material SupplyEnterprises. It means that work ofgranting import and exportmanagement rights has from a trial been led onto the right path ofexamination and approval. The principle of examination and ap-proval, conditions, and the procedure of reporting to a higher in-stitution shall still be in conformity with the relevant regulationsprescribed in Decree No.76 (1993) of the State Council.In November 1993, the State Council approved and trans-mitted Opinions on Experiment of Granting Import and ExportManagement Rights to Some Commercial and Material Enterprisesby State Economic and Trade Commision, Ministry of ForeignTrade and Economic Cooperation and Ministry of Internal Trade.Totaling 206 commercial (including grain and supply and sale)and material supply enterprises are put to trial and granted

Response of Indonesian mineral supply to global renewable energy generation:Analysis based on gravity model approach

The captivating surge of energy transitions in the major industrialized nations has elevated the global demand for critical minerals.The demand pattern has enabled mineral-abundant emerging economies like Indonesia to enter the international market by exporting mineral goods.Accordingly,we investigate the Indonesian mineral export supply's response to the renewable energy production of the 18 clean energy-generating countries,considering crude oil and mineral prices,exchange rates,and economic growth of the resource and importer countries from 1990 to 2020.In doing so,we apply the Poisson Pseudo-maximum Likelihood(PPML)approach to measuring the panel gravity model for mineral exports in Indonesia.As a result,we observe a significant response of Indonesia's mineral export supply to the renewable energy generation of the 18 mineral importing countries.Besides,mineral and crude oil prices are insignificant,whereas the importer countries'exchange rates and income growth positively influence Indonesia's mineral export growth.However,Indonesia's income factor negatively affects its mineral export supply.Finally,we validate our results using an alternative estimator,the Driscoll-Kraay robust standard error estimation technique.Therefore,our findings suggest implementing Indonesia's existing mineral policy to produce finished mineral goods to materialize the worldwide vision of energy transitions toward a crossroad of net-zero emissions by the middle of the current century.