US Edition
Indonesia, US firms sign $38.4 billion in trade, investment deals
Eleven deals covering mining, energy, agribusiness, textiles, and technology total $38.4 billion, supporting Indonesia's industrial modernization and trade balance goals.
- At a Washington dinner hosted by the US Chamber of Commerce, Indonesian and US companies signed 11 deals worth US$38.4 billion on Feb 18 ahead of Indonesian President Prabowo Subianto's Feb 19 meeting with US President Donald Trump.
- Ahead of Feb 19, Jakarta sought a tariff reduction to 18% from 19%, and Prabowo said the deals would help reduce Indonesia's trade surplus with the US.
- Companies also agreed joint ventures including a US$4.89 billion semiconductor deal between Essence Global Group and an Indonesian partner, while Freeport‑McMoRan secured a mining permit extension beyond 2041, chairman Richard Adkerson said.
- In recent years, USABC valued Indonesia's purchases of soya beans at US$685 million and wheat at US$1.25 billion, which could boost US farm exports.
- Notably, some announcements lacked public price tags, including lumber, furniture, and a transnational free trade zone pact between Galang Bumi Industri and Solanna Group, while USABC valued parts of the package at over US$7 billion.
19 Articles
19 Articles
Indonesia and the US have signed about ten agreements for investments in projects in semiconductors, strategic minerals and agriculture, among other sectors, during the visit of Indonesian President Prabowo Subianto to Washington, according to Jakarta Thursday. According to communiqués from the Indonesian government, at least 11 memorandums of understanding (MoU) were signed with a potential value of 38.400 million dollars in these and other are…
Indonesia, US firms sign $38.4 billion in trade, investment deals
Indonesian and U.S. companies on Wednesday signed deals worth $38.4 billion ahead of Indonesian President Prabowo Subianto's meeting with U.S. President Donald Trump to sign a final trade pact, the Indonesian government said in a statement.
President Prabowo witnessed the signing of 11 memorandums of understanding (MoUs) worth US$38.4 billion.
Coverage Details
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
