Indonesia’s Trade Minister Budi Santoso witnessed the signing of two tripartite counter-trade MoUs between Indonesian and Philippine businesses, with a potential transaction value of USD 350 million (Rp6.29 trillion). The counter-trade arrangement is positioned as a strategic measure to address exchange rate volatility affecting both countries’ currencies. The signing took place at the Ministry of Trade in Jakarta on June 8, 2026.
Official NewsKemendagIndonesia
Indonesian and Philippine Businesses Sign Two Counter-Trade MoUs Worth Rp6.29 Trillion
Original: Pelaku Usaha Indonesia dan Filipina Teken Dua MoU Imbal Dagang Senilai Rp6,29 Triliun