The Indonesian government has encouraged several domestic private sector entities to establish strategic partnerships or collaborations with American companies, as part of the plan to realize US$ 34 billion in import commitments.

This committed value far exceeds the US$ 18 billion to US$ 19 billion trade deficit that prompted U.S. President Donald Trump to impose a 32% tariff on imports from Indonesia.

This commitment was officially announced on July 7, 2025, through the signing of several memorandums of understanding (MoUs) between Indonesian and U.S. companies—one day before President Trump reaffirmed the 32% tariff after a 90-day negotiation period.

"Economic relations between Indonesia and the United States have always been strong and should continue to be maintained. One of the ways to enhance this relationship is through the commitment of Indonesian businesses to purchase high-value U.S. products, particularly in the agriculture and energy sectors, amounting to a total of US$ 34 billion,” stated Coordinating Minister for Economic Affairs Airlangga Hartarto, in an official press release on Wednesday, July 9, 2025.

On July 7, 2025, the Coordinating Ministry for Economic Affairs and the Embassy of Indonesia in Washington, D.C., jointly hosted a series of high-level business meetings.

Key leaders from Indonesia’s strategic industries participated, including companies from the energy and agriculture sectors such as PT Pertamina, PT Busana Apparel Group (representing the Indonesian Textile Association), FKS Group, Sorini Agro Asia Corporindo (a member of the Indonesian Corn Refiners Association), and the Indonesian Wheat Flour Producers Association.

These meetings resulted in multiple business agreements and firm commercial commitments, as reflected in the signing of several MoUs that pave the way for new partnerships and deepen bilateral economic relations.

Some of the signed MoUs include:

• An MoU between the Indonesian Wheat Flour Producers Association and US Wheat Associates,

• An MoU between Sorini Agro Asia Corporindo and Cargill for corn procurement,

• An MoU between FKS Group and Zen-Noh Grain Corporation for the purchase of soybeans and soybean meal,

• An MoU between PT Kilang Pertamina Internasional and ExxonMobil,

• An MoU between PT Kilang Pertamina Internasional and KDT Global Resource,

• And an MoU between PT Kilang Pertamina Internasional and Chevron.

“We strongly believe this partnership will generate thousands of quality jobs, support the growth of micro, small, and medium enterprises (MSMEs), and facilitate technology and knowledge exchange between our two nations,” stated Sade Bimantara, Deputy Ambassador and Chargé d’Affaires Ad Interim at the Indonesian Embassy in the U.S.

Indonesia aims to develop a forward-looking and mutually beneficial economic relationship, one that contributes not only to both countries' prosperity, but also to regional and global economic stability.