Indonesia is considering exemptions from its sweeping new export controls for commodity traders, according to sources familiar with the discussions. The potential carve-outs would allow major exporters to bypass all or part of the new regulations in exchange for meeting certain conditions set by the government. The talks involve Danantara Sumberdaya Indonesia, a newly created state entity established to oversee these policies.

The discussions center around the possibility of traders qualifying for exemptions through investments in Indonesia and forming joint ventures with Danantara Sumberdaya. The state body, part of the sovereign wealth fund Danantara, has been meeting privately with major exporters to negotiate these potential exceptions. These conversations represent a significant shift in Indonesia's approach to commodity exports.

The potential exemptions highlight Indonesia's attempt to balance national resource control with maintaining relationships with international commodity markets. By offering incentives through the new state body, Indonesia aims to attract investment while still asserting greater control over its natural resources. The final terms of any potential exemptions remain under discussion with no timeline set for implementation.