PALMOILMAGAZINE, WASHINGTON, D.C. — The 2026 U.S.–Indonesia Business Summit, hosted by U.S. Chamber of Commerce, US-ASEAN Business Council, and U.S.-Indonesia Society in Washington, D.C., underscored strong support from American businesses for expanding trade, industry, and investment ties with Indonesia.
President Prabowo Subianto attended the summit, delivering remarks during a high-level roundtable, presenting a keynote address at the Gala Iftar Dinner, and witnessing the signing of 11 cooperation agreements between U.S. and Indonesian companies.
“I understand how markets operate. Markets reward transparency, discipline, and credibility. My responsibility as President is to strengthen governance, enhance transparency, and ensure we meet international standards. It is about safeguarding our economic integrity and maintaining long-term investor confidence,” President Prabowo emphasized, as quoted by Palmoilmagazine.com from the Coordinating Ministry’s official release.
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In line with the President’s direction, Coordinating Minister for Economic Affairs Airlangga Hartarto stressed the importance of sustained business engagement between the two countries. As a strategic partner in trade and investment, Indonesia sees the need for regular forums that bring together major U.S. corporations, KADIN, and business associations to deepen collaboration in trade, industry, and investment.
He highlighted priority areas that will enhance Indonesia’s competitiveness, including digital innovation, artificial intelligence, semiconductors, critical minerals, supply chain resilience, energy transition, downstream processing industries, and the agro sector.
Minister Airlangga also pointed to the completion of the Agreement on Reciprocal Trade (ART) as a milestone that reinforces both nations’ commitment to expanding market access and resolving tariff and non-tariff barriers. The agreement is expected to provide greater business certainty and unlock broader investment opportunities in both Indonesia and the United States.
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“Through the ART agreement, we will further strengthen market access and the competitiveness of Indonesian products, attracting greater investment across multiple sectors,” he said.
USD 38.4 Billion in Commitments
During the summit, U.S. and Indonesian companies formalized trade and investment commitments totaling USD 38.4 billion, covering planned goods purchases and investment projects across key sectors.
In the agro sector, total purchase agreements reached USD 4.5 billion. These include commitments for soybeans valued at USD 1.37 billion, wheat (TBA through 2030) worth USD 1.25 billion, corn at USD 855 million, cotton at USD 244 million, and other products totaling USD 800 million.
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Meanwhile, the manufacturing sector accounted for USD 33.91 billion in investment agreements. Among the major deals were a USD 2.0 billion cooperation agreement between KADIN and USABC, a USD 200 million raw material agreement for shredded worn clothing, and substantial semiconductor industry investment plans valued at USD 4.89 billion and USD 26.7 billion.
All agreements were signed in the presence of President Prabowo during the Gala Iftar Dinner session, with U.S. and Indonesian corporate leaders directly endorsing the commitments.
The scale and scope of the deals signal not just expanding trade flows, but a strategic deepening of Indonesia–U.S. economic ties — particularly in high-value manufacturing and supply chain–critical industries that will shape long-term competitiveness. (P3)
