Indonesia, US firms sign over $7 billion in trade, investment deals

About this update from Pt Pertamina Geothermal Energy Tbk

Indonesian and U.S. companies on Wednesday signed trade and investment deals valued at more than $7 billion a day ahead of Indonesian President Prabowo Subianto's meeting with U.S. President Donald Trump to sign a final trade deal, the U.S.-ASEAN Business Council said. The agreements, signed at a dinner for Prabowo hosted by the Chamber, include purchases by Indonesian firms of 1 million metric tons of U.S. soybeans, 1.6 million tons of corn, and 93,000 tons of cotton over unspecified periods, according to a U.S.-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 U.S. mining group Freeport McMoRan NYSE:FCX and the Indonesian Ministry of Investment for critical minerals cooperation and an agreement between state oil producer Pertamina and Halliburton Co NYSE:HAL to cooperate on oilfield recovery, USABC said.

View stock analysis, news, and events for Pt Pertamina Geothermal Energy Tbk