Indonesia, US Sign US$34 Billion in Strategic Commercial Agreements
Jakarta, The Gulf Observer: Indonesian and American business leaders have signed a series of commercial agreements valued at US$34 billion, marking a significant step toward deepening economic relations between the two nations. The agreements were finalized during a high-level business meeting held on Monday, July 7, in Washington, D.C., hosted jointly by the Coordinating Ministry for Economic Affairs of Indonesia and the Indonesian Embassy in the United States.
In a statement released on Wednesday, Coordinating Minister for Economic Affairs Airlangga Hartarto reaffirmed Indonesia’s strong commitment to enhancing bilateral economic cooperation with the United States. He emphasized the importance of sustained engagement, including ongoing discussions on a trade tariff agreement aimed at creating a more balanced and mutually beneficial trade framework.
“The economic partnership between Indonesia and the US has remained strong over time and should be continuously maintained,” Hartarto stated. “This includes the commitment of Indonesian business actors to purchase superior US products in key sectors such as agriculture and energy, with a total value of US$34 billion.”
The agreements, formalized through a series of memoranda of understanding (MoUs), are expected to generate new avenues of collaboration, create thousands of quality jobs, and support the growth of Micro, Small, and Medium Enterprises (MSMEs). They also aim to promote the exchange of knowledge and technology, strengthening the foundation of the Indonesia–US strategic partnership.
“This partnership represents a long-term investment in the prosperity of both nations,” said Sade Bimantara, Chargé d’Affaires at the Indonesian Embassy in Washington, D.C. “It reflects our shared goals and will help us build inclusive, sustainable growth rooted in mutual respect and cooperation.”
The strategic sectors covered by these agreements include energy, agriculture, textiles, and agro-processing, sectors deemed vital to both nations’ economic priorities.
Participating companies included PT Pertamina, PT Busana Apparel Group (representing the Indonesian Textile Association), FKS Group, Sorini Agro Asia Corporindo (a member of the Indonesian Corn Refining Producers Association), and the Indonesian Wheat Flour Producers Association. Their engagement underscores Indonesia’s determination to diversify its economic partnerships and expand high-value trade with global partners.
The Indonesian government views this development as a concrete demonstration of its readiness to forge a future-oriented, resilient, and mutually advantageous economic relationship with the United States, one that not only advances national interests but also contributes to regional and global prosperity.
