U.S., Indonesia Agree To Boost Trade, Investment Links

May 22, 2007
Two-way trade totaled $16.5 billion last year.

The U.S. and Indonesia agreed to set up working groups to develop "specific initiatives" in areas such as intellectual property rights, agricultural and industrial goods, services and investment, said a statement from the office of U.S. Trade Representative Susan Schwab last week.

Indonesia, Southeast Asia's largest nation, is the 31st largest trading partner of the United States. Two-way trade totaled $16.5 billion last year, a 9.3% increase over 2005. U.S. foreign direct investment in Indonesia hit nearly $10 billion in 2005, the latest data available.

The two ministers also discussed joint efforts to advance integration of the 10 nations of the Association of Southeast Asian Nations (ASEAN) -- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Copyright Agence France-Presse, 2007

Popular Sponsored Recommendations

Learn How Manufacturers like 3M Cater to Digital Buyers to Increase Sales

Aug. 13, 2023
In this article, you'll learn how manufacturers can balance educating and guiding their buyers through their complex buying process with a digital first approach to product discovery...

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!