US Vice President Mike Pence announced on April 21 that 11 deals worth 10 billion USD were signed between American and Indonesian companies during his visit to Jakarta.
Indonesian President Joko Widodo (R) and US Vice President Mike Pence in Jakarta
Of those, there is an agreement of Exxon Mobil selling liquefied natural gas to Indonesian state-owned energy company Pertamina. General Electric will provide technology for Indonesian power plants, while Lockheed Martin will supply new weapons systems for F-16 fighter jets.
During a meeting in Jakarta with leaders of businesses, Vice President Pence said he and Indonesian President Joko Widodo discussed measures to help US firms better their access to the Indonesian market.
The two sides agreed to remove barriers for companies seeking to invest in the Southeast Asian nation.
Apart from trade, they also discussed cooperation in fighting terrorism and maritime security.
According to the Indonesian Ministry of Trade’s data, total trade value between the two countries reached 23.83 billion USD in 2016 and Indonesia enjoyed a surplus of 8.65 billion USD.
Indonesia’s major export products to the US were apparel, footwear and aquatic products while it imports were soy, machines and aircraft.
Vice President Pence departed Indonesia the same day for Australia, the last destination in his 10-day visit to the Asia-Pacific region. Earlier, he visited Japan and the Republic of Korea.
VNA
