Trade and Investment Bulletin Volume VI, May 2017

0 U.S. Vice President Mike Pence Visits Indonesia EDITOR’S NOTE Dear Readers, The charm of Bali is never ending. Trip Advisor has chosen Bali as the best tourism destination in the world in 2017. Thanks to its traditional values which combine with modern life that has become a great attraction for tourist from all over the globe. The U.S.A. is one of the top five foreign investments by country in the first quarter of 2017, ranked fourth with US$587.4 million investment between January and March. Indonesia's agriculture products such as mangosteen, bananas, star fruit, snake-fruit, rambutan, round coconut, cabbage, cauliflower, and flowers have been exported to 29 countries. Nevertheless, Indonesia is still seeking the opportunities to market its products to U.S.A. through a partnership. Photo: US Vice President Mike Pence listens to Indonesian President Joko Widodo at Merdeka Palace in Jakarta on April 20 (http://www.cnn.com/2017/04/22/opinions/us-indonesia-pence-ties/) U.S. Vice President, Mike Pence visited Indonesia on April 19 – 21 as part of his 10- day visit to Asia. His visits consist of meetings such as meeting with the President of Indonesia, Joko Widodo and Vice President Jusuf Kalla, th as well as celebrating the 50 anniversary of the Association of Southeast Asian th Nation (ASEAN) and the 40 anniversary of US ties with the group. During his visit to Jakarta, the country's capital, Pence declared "As the largest majority Muslim country, Indonesia's tradition of moderate Islam, frankly, is an inspiration to the world," Pence declared. He added that the United States commends Indonesia and its people "for the great inspiration that Indonesia provides to the world." The visit has resulted in signing 11 commercial and investment agreements between U.S. and Indonesian companies that amounted to USD 10 billion over time. The deals include Lockheed Martin providing an advanced weapons targeting system for Indonesia's F-16 fighter jets, ExxonMobil selling 1 million tons of liquid natural gas to state-owned oil and gas company Pertamina for 20 years starting in 2025, Honeywell supplying turboprop engines to Indonesian aerospace company Dirgantara, and a USD 2 billion electricity metering system organized by a consortium of companies. U.S. Vice President Mike Pence Visits Indonesia 1 Sri Mulyani: Asia’s Best Finance Minister 2 Indonesia Foreign Minister visit the US to Strengthen Strategic Partnership 2 Trip Advisor: Bali, Indonesia – One of the top 25 Destinations in the World 3 BKPM: The US Makes the List of Top-5 Foreign Investment by Country 4 Indonesia – U.S. Trade Overview 4 Indonesian Tropical Fruits to World Markets 5 Indonesia's Horticultural Products – a Great Demand in Many Countries 6 Domestic Production, Export, and Consumption of Indonesian Coffee 7 Indonesia Organic Products 10 For more detail information please contact: Economics Affairs - Consulate General of the Republic of Indonesia 211 W. Wacker Drive #8 Chicago, Illinois 60606 Phone: 312.920.1880 Fax: 312.920.1881 Email: [email protected] Website: www.kemlu.go.id/Chicago Number VI / May 2017 | Trade & Investment Bulletin 1