February 19, 2026

Indonesian and US companies on Wednesday signed trade and investment deals valued at more than US$7 billion a day ahead of Indonesian President Prabowo Subianto’s meeting with US President Donald Trump to sign a final trade deal, the US-ASEAN Business Council said. The agreements, signed at a dinner for Prabowo hosted by the US Chamber of Commerce, include purchases by Indonesian firms of 1 million metric tons of US soybeans, 1.6 million tons of corn, and 93,000 tons of cotton over unspecified periods, according to a US-ASEAN Business Council (USABC) fact sheet. It added that Indonesia will buy 1 million tons of wheat this year and up to 5 million tons by 2030. The deals include a memorandum of understanding between US mining group Freeport McMoRan and the Indonesian Ministry of Investment for Critical Minerals Cooperation and an agreement between state oil producer Pertamina and Halliburton Co to cooperate on oilfield recovery, USABC said. They also include two semiconductor joint venture agreements, including one valued at $4.89 billion between Essence Global Group and another unvalued venture involving Tynergy Technology Group. USABC valued Indonesia’s purchases of soybeans at $685 million, wheat at $1.25 billion, cotton at $122 million and an additional purchase of US shredded worn clothing for recycling at $200 million. Read more at:

https://www.thejakartapost.com/business/2026/02/19/indonesia-us-firms-sign-over-7-billion-in-trade-investment-deals.html?utm_source=(direct)&utm_medium=home_latest.