Indonesia-US Cooperation Secures USD38.4 Billion in Investment and Trade Commitments
Jakarta — President Prabowo Subianto’s state visit to the United States has produced 11 memoranda of understanding (MoUs) worth USD38.4 billion between Indonesian and American businesses during a Business Summit roundtable organised by the US-ASEAN Business Council (US-ABC).
The event took place at the US Chamber of Commerce building in Washington DC on Wednesday (18/02/2026).
At the occasion, President Prabowo Subianto delivered remarks at the roundtable, gave a keynote address at the Gala Iftar Dinner, and witnessed the signing of 11 cooperation agreements between US and Indonesian companies. “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 the integrity of our economy and long-term investor confidence,” President Prabowo affirmed.
The signing of the 11 MoUs represents a concrete manifestation of public and private sector collaboration between the two countries across various fields, ranging from mining and downstream processing, energy, agribusiness, textiles and garments, to furniture manufacturing and technology development. The memoranda of understanding signed are as follows:
Memorandum of Agreement on Critical Minerals, signed by Minister of Investment and Downstream Processing/Head of BKPM Rosan Perkasa Roeslani, Freeport-McMoRan President and CEO Kathleen Quirk, and PT Freeport Indonesia President Director Tony Wenas;
MoU on Oilfield Recovery between Pertamina and Halliburton, signed by Pertamina CEO Simon Mantiri and Halliburton President Director Ankush Balla;
MoU in Agriculture (Maize) between PT Cargill Indonesia, PT Arena Agro Andalan, and Cargill Inc, signed by Managing Director of Amcham representing Fanny Hosea of PT Sorini Agro Asia Corporindo (Cargill Indonesia) Donna Priadi and Director of International Government Relations (China and APAC) at Cargill Elizabeth Struse;
MoU on Cotton between Busana Apparel Group and the US National Cotton Council, signed by Busana Apparel Chief Marketing Officer Manish Virmani and Senior Government Relations Director for the National Cotton Council Jeff Kuckkuck;
MoU on Cotton between Daehan Global and the US National Cotton Council, signed by Daehan Global CEO Boo Hyung Lee and Senior Government Relations Director for the National Cotton Council Jeff Kuckkuck;
MoU on Shredded Worn Clothing between the Indonesian Garment and Textile Association, PT Pan Brothers, and Ravel, signed by PT Pan Brothers CEO Ludijanto Setijo and Ravel CEO Zahlen Titcomb;
MoU on Furniture between ASMINDO (Indonesian Furniture Industry and Handicraft Association) and Bingaman and Son Lumber, Inc, signed by Vivere Group CEO (ASMINDO) Dedy Rochimat and Director of Exports Jeremy Roupp;
MoU on Semiconductors between Galang Bumi Industri and Essence, signed by President Director Ahmad Maaruf Maulana and President Director Chester Coleman;
MoU on Semiconductors between Galang Bumi Industri (GBI) and Tynergy Technology Group, signed by GBI Director Kadafi Yahya Muhamad and President Director Yan Purba;
Transnational Free Trade Zone Friendship between Galang Bumi Industri and Solanna Group LLC, signed by Director Tjaw Hioeng and Solanna Group President David Fordon;
MoU on Furniture/Wood Products between the Indonesian Furniture and Handicraft Industry Association (HIMKI) and the American Hardwood Export Council, signed by Head of Promotion and Marketing for the Americas Rudy Hartono and American Hardwood Export Council’s Michael Snow.
This momentum reflects the high level of international business confidence in Indonesia’s economic prospects. Furthermore, the agreements reaffirm Indonesia’s position as a strategic partner in the Indo-Pacific region.
The government continues to oversee the realisation of every cooperation commitment that has been agreed upon to ensure tangible impact on the national economy. Through these agreements, the government is ensuring that the international collaborations forged are capable of driving globally competitive economic growth.