Indonesian and US businesses have signed commercial agreements totaling US$34 billion, focusing on strategic sectors such as energy and agriculture, in a move to strengthen bilateral economic ties.
The agreements were signed during a high-level business forum held on July 7, co-hosted by Indonesia’s Coordinating Ministry for Economic Affairs and the Indonesian Embassy in Washington, D.C.
In a statement released Wednesday, Coordinating Minister Airlangga Hartarto reaffirmed Indonesia’s commitment to deepening economic cooperation with the US, including efforts toward a tariff agreement.
“The long-standing economic partnership between Indonesia and the US should be maintained, particularly through Indonesian business commitments to purchase top-tier American products in agriculture and energy, amounting to US$34 billion,” Hartarto said.
These agreements, documented in several memorandums of understanding, are expected to unlock new opportunities for collaboration and boost bilateral trade relations.
Sade Bimantara, Chargé d’Affaires at the Indonesian Embassy, noted the partnership could generate thousands of quality jobs, support MSMEs, and encourage knowledge and technology exchange.
He emphasized that the Indonesian government aims to build a mutually beneficial relationship with the US, based on respect and shared development goals.
Companies present included PT Pertamina, PT Busana Apparel Group (on behalf of the Indonesian Textile Association), FKS Group, Sorini Agro Asia (a member of the Corn Refining Association), and the Wheat Flour Producers Association.
