The Indonesian Chamber of Commerce and Industry (Kadin) enhanced its economic partnership with the United States Chamber of Commerce by formalizing a memorandum of understanding to bolster bilateral cooperation.
The Kadin and the U.S. Chamber of Commerce officially signed the latest MoU on Friday at the U.S. Chamber of Commerce headquarters in Washington, D.C. The agreement, valid for two years, seeks to intensify bilateral trade and investment ties between the nations.
Kadin Chairman Anindya Novyan Bakrie described the agreement as a positive development for Indonesia’s business sector and workforce. Bakrie acknowledged the contributions of the U.S. Chamber of Commerce and the Center for International Private Enterprise (CIPE) in supporting Kadin’s capabilities, particularly in its efforts to join the OECD.
The signing of the MoU took place after the release of the National Trade Estimate Report 2025. The agreement represents a notable effort by Indonesia to minimize trade barriers, particularly non-tariff restrictions, while fostering economic collaboration and growth across the Indo-Pacific region.
Bakrie underscored that the partnership will create broader opportunities for labor-intensive industries, supporting millions of workers in the process. He also pointed out that it could provide U.S. businesses with improved access to the Indonesian market.
Indonesia exports a range of products, including footwear, rubber, electronics, and garments. These industries collectively employ approximately 2.1 million workers. Bakrie reiterated that Indonesia could augment its role as a supplier of soybeans for tempeh, cotton for the garment industry, dairy products, and wheat. These exports would support labor-intensive industries and the agricultural sector.
John Murphy, Senior Vice President and Head of International at the U.S. Chamber of Commerce, stressed the need for closer cooperation to boost economic ties between the U.S. and Indonesia. He also reaffirmed the Chamber’s strong partnership with Kadin and its high regard for the Indonesian market.
Murphy noted that economic ties between the U.S. and Indonesia remain below their full potential. Since 2002, the U.S. has invested over $6 billion in Indonesia’s growth, with the partnership advancing to a comprehensive alliance in 2023.
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