Indonesia Continues Downstreaming of Nickel despite Defeat in WTO

He added that if the activity has proven to benefit national development, the government is ready to provide additional benefits, including tax incentives and import relaxation.

"We will utilize all fiscal tools to encourage downstream of domestic natural resources," he said.

During the working meeting with the Commission VII of the House of Representatives on Monday, Nov. 21, Minister of Energy and Mineral Resources Arifin Tasrif stated that Indonesia intended to appeal the WTO's Dispute Settlement Body verdict deciding in favor of the European Union.

"The government believed that the panel's decision is not legally binding yet, and we still have the opportunity to appeal the verdict," the minister said.

Source: State News Antara