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The United States and Indonesia meet regularly under the 1996 bilateral Trade and Investment Framework Agreement (TIFA). Under the TIFA, Indonesia and the United States work to address bilateral issues and coordinate on regional and multilateral issues. In addition, the United States uses the TIFA to advance specific priorities. For example, in 2017, the United States provided training to Indonesia on Good Regulatory Practices under the auspices of the Standards Alliance. For information on upcoming U.S. meetings with Indonesia, see the Calendar of Events page.
Over the past decade, two-way trade has grown 53 percent to $25.2 billion in 2016, with U.S. exports to Indonesia almost doubling to $6 billion in 2016. Major U.S. goods export categories include soybeans, aircraft, machinery, food waste and animal feed, and cotton. U.S. services exports to Indonesia have increased more than 70 percent in the last decade and now total $2.5 billion. The stock of U.S. foreign direct investment (FDI) in Indonesia was $13.5 billion in 2015 (latest data available and the stock of Indonesia's FDI in the United States was $1.6 billion in 2015 (latest data available). In 2016, Indonesia was the United States' 35th largest goods export market, but we had a $13.2 billion trade deficit with Indonesia in 2016, our 16th largest. The United States is Indonesia’s fifth largest source of imports, after China, Singapore, Japan and Thailand.
Indonesia has bilateral and regional FTAs with many countries across the Asia Pacific, including with Australia, New Zealand, India, Japan, China, and Korea. Indonesia also is party to the ASEAN Free Trade Area and to the 16-member Regional Comprehensive Economic Partnership negotiations and is currently negotiating FTAs with the EU and Chile.