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Indonesia, US clinch US$38.4 bln trade, investment deals at summit

Jakarta (ANTARA) – Indonesia and the United States sealed US$38.4 billion in cross-sector trade and investment commitments, covering sectors ranging from agriculture and manufacturing to advanced technologies, officials said.The agreements, equivalent to Rp649.42 trillion, were announced on Wednesday at the US-Indonesia Business Summit 2026 in Washington, hosted by the U.S. Chamber of Commerce, the US-ASEAN Business Council, and the U.S.-Indonesia Society.President Prabowo Subianto emphasized the importance of governance, transparency, and credibility in maintaining market confidence and long-term investment, as quoted in Jakarta on Friday.“Markets value transparency, discipline, and credibility. As president, my responsibility is to strengthen governance, enhance transparency, and ensure we meet international standards. It is about maintaining our economic integrity and long-term investor confidence,” he said.In agriculture, total purchase commitments reached US$4.5 billion, including soybeans worth US$1.37 billion, wheat US$1.25 billion planned through 2030, corn US$855 million, cotton US$244 million, and other agro products valued at US$800 million.Manufacturing accounted for the bulk of the package, with US$33.91 billion in investment commitments. Key deals include a US$2 billion partnership between the Indonesian Chamber of Commerce and Industry (Kadin) and the US-ASEAN Business Council, US$200 million in shredded worn clothing supplies, and large-scale semiconductor projects totaling US$31.59 billion.Coordinating Minister for Economic Affairs Airlangga Hartarto said Indonesia sees the United States as a strategic partner and aims to deepen collaboration in digital innovation, artificial intelligence, semiconductors, critical minerals, supply-chain resilience, energy transition, and downstream processing.He added that completion of the Agreement on Reciprocal Trade would expand market access, dismantle trade barriers, and improve business certainty, supporting larger investment flows and strengthening long-term economic ties between the two countries.