U.S., Indonesia sign pact to boost commercial ties

[Turborama]

Source: Reuters

HONOLULU | Fri Nov 11, 2011 7:20pm EST

- The United States and Indonesia agreed on Friday to work to expand trade and commercial ties, with a focus on energy, before President Barack Obama's visit next week for the East Asian Summit in Bali.

"It's time for the U.S.-Indonesia relationship to stop walking and start running," Dino Patti Djalal, Indonesia's ambassador to the United States, said at a signing ceremony with U.S. Commerce Under Secretary Francisco Sanchez.

Top executives from Procter & Gamble and Chevron Asia Pacific Exploration and Production took part in the event to mark the start of the U.S.-Indonesia Commercial Dialogue that will begin work next month.

"We're going to be focusing on energy -- traditional oil and gas but also renewable energy -- harmonizing standards and helping small businesses in both countries participate in this growing sector," Sanchez told Reuters after the signing.

Read more: http://www.reuters.com/article/2011/11/12/apec-indonesia-usa-idUSN1E7AA1T220111112

[SoapBox]

1. "U.S., Indonesia sign pact to boost commercial ties"

Is that "code" for, shipping more American jobs out of the country?

*snarkage*

[Lasher]

2. Yes.

[hack89]

5. The article specifically says oil and gas are the focus.

I suspect Indonesia has significant oil and gas field that they want to develop.

[KoKo]

3. Oh My....this doesn't sound good. More big business "helping the people"

We know where that goes. More 1% benefit and the 99% get the scraps.

[lib2DaBone]

4. How about some more clothing from Indonesia?

You know.. the kind of shirts that you wash one time.. the arm falls off and it shrinks up to the size of a postage stamp.

By all means.. let's ship some more jobs off shore.