Indonesian and US Businesses Sign 11 Business Cooperation Agreements Worth Rp 648.9 Trillion
The Indonesian Chamber of Commerce and Industry (Kadin) and the US Chamber of Commerce (USCC) held a business meeting in Washington DC, United States. The meeting, held at the USCC offices, was attended in person by President Prabowo Subianto.
The business meeting successfully yielded a total of 11 business cooperation agreements worth US$38.4 billion, or approximately Rp 648.9 trillion (at an exchange rate of Rp 16,900 to the dollar).
The business agreements were concluded directly between Indonesian and American entrepreneurs. The cooperation spans sectors ranging from critical mineral industry development to agriculture.
In an official statement from Kadin Indonesia on Thursday (19 February 2026), the Indonesia-US Business Summit began with an Exclusive Business Roundtable aimed at discussing the strengthening of economic cooperation between the two countries through government and business collaboration across various sectors.
The implementation plan for the results of Reciprocal Trade Agreement negotiations between Indonesia and the United States was also a focus of discussion, particularly regarding how the business and industrial sectors of both countries can benefit from policy relaxation aimed at strengthening investment and trade cooperation between Indonesia and the United States.
The 11 agreements concluded are as follows:
Memorandum of Agreement on Critical Minerals, signed by Minister of Investment and Downstreaming/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 on maize trade between PT Cargill Indonesia, PT Arena Agro Andalan and Cargill Inc, signed by Managing Director of Amcham representing Fanny Hosea, 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 trade between Busana Apparel Group and the US National Cotton Council, signed by Busana Apparel Chief Marketing Officer Manish Virmani and National Cotton Council Senior Government Relations Director Jeff Kuckkuck.
MoU on cotton trade between Daehan Global and the US National Cotton Council, signed by Daehan Global CEO Boo Hyung Lee and National Cotton Council Senior Government Relations Director Jeff Kuckkuck.
MoU on shredded worn clothing textile products 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 products between ASMINDO (Indonesian Furniture Industry and Handicraft Association) and Bingaman and Son Lumber Inc, signed by Vivere Group (ASMINDO) CEO Dedy Rochimat and Director of Exports Jeremy Roupp.
MoU on semiconductor development between Galang Bumi Industri and Essence, signed by President Director Ahmad Maaruf Maulana and President Director Chester Coleman.
MoU on semiconductor development 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 agreement between Galang Bumi Industri and Solanna Group LLC, signed by Director Tjaw Hioeng and Solanna Group President David Fordon.
MoU on furniture and wood products between the Indonesian Furniture and Craft 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 representative Michael Snow.