Pence Notes AmCham Role During Jakarta Visit
$10 billion in deals signed as US vice president’s trip carries an optimistic note
By AmCham staff
Saturday, April 22, 2017
US Vice President Michael Pence concluded his two-day visit to Indonesia on Friday, April 21, with a ceremony unveiling $10 billion in business deals between US and Indonesian companies and local governments. He also met privately with business leaders from both countries and pledged in a speech to work toward enhancing ties with the country.
“These deals represent the tremendous excitement that American companies feel about opportunities in Indonesia,” Pence said during a meeting with Vice President Jusuf Kalla and a roomful of major companies.
AmCham Indonesia President Brian Arnold introduced both Kalla and Pence during the signing ceremony and AmCham helped raise a number of issues with the vice president.
Pence praised AmCham as an important partner with American business in helping to deepen US-Indonesia economic ties. He noted that AmCham represents most key American companies.
As the US-Indonesia relationship has grown, Pence said, “AmCham has been there every step of the way.”
Pence also reiterated that US President Donald Trump plans to attend three key summits in Asia in November.
“The visit sets a great tone for the relationship going forward,” said AmCham’s Arnold. “There was a good feeling on both sides.”
The agreements included a $6 billion multi-year deal for ExxonMobil to supply liquid natural gas to Pertamina; General Electric to build power plants and other infrastructure; and Lockheed Martin to provide enhanced technology for F-16 fighter jets. Indonesia is the third stop on Pence’s 10-day swing through Asia.
Other companies at the table included Honeywell in an aviation deal, Halliburton agreeing to terms on geothermal development with state electric company Perusahaan Listrik Negara (PLN) and NextGen entering into a Memorandum of Understanding with Samarinda Municipality in East Kalimantan to develop a low-carbon waste-to-power project. A total of 11 US companies signed deals on Friday.
Pence noted that barriers to investment and growth remain in Indonesia and “there is much more to be done” to “maximize jobs and growth” for both countries.
During the visit Pence had talks with President Joko Widodo, the cabinet and others. He also attended a multi-faith ceremony at the national mosque. The last stop on the tour is Australia.