President Prabowo Witnesses the Signing of 11 MoUs Worth USD 38.4 Billion at the US-ABC Business Summit
The signing of these 11 MoUs represents concrete collaboration between the government and private sectors of both countries across various industries, ranging from mining and downstream processing, energy, agribusiness, textiles and garments, to furniture manufacturing and technology development.
President of the Republic of Indonesia Prabowo Subianto witnessed the signing of 11 Memorandums of Understanding (MoUs) worth USD 38.4 billion between Indonesian and United States business entities in Washington, D.C., on Wednesday, February 18, 2026.
The MoUs were signed during a roundtable session at the Business Summit organized by the US-ASEAN Business Council (US-ABC). The event took place at the U.S. Chamber of Commerce Building in Washington, D.C., United States.
The signing of these agreements reflects tangible cooperation between the government and private sectors of both countries, covering multiple sectors including mining and downstream processing, energy, agribusiness, textiles and garments, furniture manufacturing, and technology development.
The following MoUs were signed:
-
Memorandum of Agreement on Critical Minerals
Signed by Minister of Investment and Downstreaming / Head of BKPM Rosan Perkasa Roeslani, President & CEO of Freeport-McMoRan Kathleen Quirk, and President Director of PT Freeport Indonesia Tony Wenas. -
Oilfield Recovery MoU between Pertamina and Halliburton,
signed by Pertamina CEO Simon Mantiri and Halliburton President Director Ankush Balla. -
Agriculture (Corn) MoU between PT Cargill Indonesia, PT Arena Agro Andalan, and Cargill Inc.,
signed by Managing Director of AmCham representing Fanny Hosea of PT Sorini Agro Asia Corporindo (Cargill Indonesia) Donna Priadi and Director of International Government Relations (China & APAC) at Cargill Elizabeth Struse. -
Cotton MoU between Busana Apparel Group and the U.S. National Cotton Council,
signed by Busana Apparel Chief Marketing Officer Manish Virmani and Senior Government Relations Director of the National Cotton Council Jeff Kuckkuck. -
Cotton MoU between Daehan Global and the U.S. National Cotton Council,
signed by CEO of Daehan Global Boo Hyung Lee and Senior Government Relations Director of the National Cotton Council Jeff Kuckkuck. -
MoU on Shredded Worn Clothing between the Indonesian Garment and Textile Association, PT Pan Brothers, and Ravel,
signed by CEO of PT Pan Brothers Ludijanto Setijo and CEO of Ravel Zahlen Titcomb. -
Furniture MoU between ASMINDO (Indonesian Furniture Industry & Handicraft Association) and Bingaman and Son Lumber, Inc.,
signed by CEO of Vivere Group (ASMINDO) Dedy Rochimat and Director of Exports Jeremy Roupp. -
Semiconductor MoU between Galang Bumi Industri and Essence,
signed by President Director Ahmad Maaruf Maulana and President Director Chester Coleman. -
Semiconductor MoU between Galang Bumi Industri (GBI) and Tynergy Technology Group,
signed by GBI Director Kadafi Yahya Muhamad and President Director Yan Purba. -
Transnational Free Trade Zone Friendship Agreement between Galang Bumi Industri and Solanna Group LLC,
signed by Director Tjaw Hioeng and President of Solanna Group David Fordon. -
Furniture/Wood Products MoU between the Indonesian Furniture and Handicraft Industry Association (HIMKI) and the American Hardwood Export Council,
signed by Head of Promotion and Marketing for the Americas Rudy Hartono and American Hardwood Export Council representative Michael Snow.
This moment demonstrates the high level of confidence from the international business community in Indonesia’s economic prospects. Furthermore, these agreements reaffirm Indonesia’s position as a strategic partner in the Indo-Pacific region.
The government will continue to oversee the implementation of each cooperation commitment to ensure tangible benefits for the national economy. Through these agreements, the government aims to ensure that international collaborations contribute to globally competitive economic growth.
