Indonesia and US agree on cross-sector cooperation commitments worth Rp649.42 trillion
Indonesia and the United States have agreed on trade and investment cooperation commitments across various sectors worth US$38.4 billion, equivalent to Rp649.42 trillion.
The agreement was formalised at the US-Indonesia Business Summit 2026, organised by the U.S. Chamber of Commerce (USCC), the US-ASEAN Business Council (USABC), and the U.S.-Indonesia Society (USINDO) in Washington D.C. on Wednesday (18/2) local time.
“I understand how markets work. Markets value transparency, discipline and credibility. My responsibility as President is to strengthen governance, enhance transparency, and ensure that we meet international standards. This is about maintaining our economic integrity and long-term investor confidence,” said President Prabowo Subianto in his address, as quoted in Jakarta on Friday.
In detail, the agricultural sector saw total purchase agreements reaching US$4.5 billion, or approximately Rp76.10 trillion. This comprises soybean purchase commitments of US$1.37 billion (Rp23.17 trillion), wheat worth US$1.25 billion (Rp21.14 trillion) planned through to 2030, corn valued at US$855 million (Rp14.46 trillion), cotton worth US$244 million (Rp4.13 trillion), and various other agricultural products totalling US$800 million (Rp13.53 trillion).
Meanwhile, the manufacturing sector recorded even larger investment agreements, reaching US$33.91 billion, equivalent to Rp573.48 trillion. Key cooperation points in this sector include a partnership between Kadin and the USABC worth US$2.00 billion (Rp33.82 trillion), industrial raw material supply in the form of shredded worn clothing valued at US$200 million (Rp3.38 trillion), and major semiconductor industry plans worth US$4.89 billion (Rp82.70 trillion) and US$26.7 billion (Rp451.55 trillion) respectively.
In line with the President’s directives, Coordinating Minister for Economic Affairs Airlangga Hartarto stated that Indonesia, as a strategic partner, requires business forums involving major US companies and business associations to drive collaboration across various fields.
The primary focus of cooperation is directed at enhancing national competitiveness, particularly through the development of digital innovation, artificial intelligence, semiconductors, critical minerals, supply chain resilience, as well as energy transition and processing industries.
Coordinating Minister Airlangga also affirmed that the completion of the Agreement on Reciprocal Trade (ART) serves as strong evidence of both nations’ commitment to opening market access and eliminating various trade barriers.
This step is expected to create greater business certainty in both Indonesia and the United States.
“Through the agreements within this ART, market access and the competitiveness of Indonesian products will be further strengthened, thereby attracting greater investment across various sectors,” he said.