"The US is one of Indonesia's main trading partners, with an export share of 11.2 percent. In terms of investment, the U.S. was among the top five investors last year, with a total of US$3.7 billion," Coordinating Minister for Economic Affairs Airlangga Hartarto told the media on Thursday.
Hartarto said the latest commitments reflect strong confidence in Indonesia’s economic outlook, particularly following a recent trade agreement between the two countries.
One of the largest investment plans comes from ExxonMobil, which is exploring the construction of a US$10-billion carbon capture and storage (CCS) facility, he said.
In the technology sector, leading global firms including Oracle, Microsoft, and Amazon have expressed interest in expanding their operations in Indonesia.
Oracle plans to invest US$6 billion in data center projects, Microsoft is set to build cloud and artificial intelligence infrastructure worth US$1.7 billion, and Amazon aims to strengthen its artificial intelligence and cloud facilities with an investment of up to US$5 billion, Hartarto revealed.
In healthcare, General Electric — through GE Healthcare — will collaborate with Kalbe Farma to build Indonesia's first CT scanner factory in West Java. The initial investment for this project is estimated at Rp178 billion (nearly US$11 million).
Hartarto also emphasized that the government’s success in negotiating the trade deal helped save approximately one million jobs in labor-intensive sectors.
Previously, the US imposed a 32 percent import tariff on Indonesian products. Under the new agreement, that rate has been reduced to 19 percent.
As part of the deal, Indonesia has agreed to eliminate around 99 percent of tariff barriers on various US industrial and agricultural products.
In return, the US will maintain a 19 percent tariff on Indonesian exports and offer opportunities for further reductions on commodities not available domestically.
Indonesia has also committed to removing non-tariff barriers, including exempting certain US goods from local content requirements and recognizing FDA certification for US health and pharmaceutical products.
On digital trade, Indonesia has pledged to provide legal certainty for cross-border data transfers and support the moratorium on import duties for electronic transmissions at the WTO.
"The joint statement demonstrates the political commitment of both countries and will serve as a basis for further trade agreements," Hartarto remarked.
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Translator: Bayu Saputra, Resinta Sulistiyandari
Editor: Anton Santoso
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