VP Pence arrives in Australia, last stop in Asia

U.S. Vice President Mike Pence delivers a speedh during his visit at the ASEAN Secretariat in Jakarta, Indonesia, Thursday, April 20, 2017.

Energy firm Exxon Mobil Corp, General Electric Co and aerospace giant Lockheed Martin Corp were among the USA companies involved in the agreements.

Pence landed in Sydney, Australia, on Friday, the fourth stop on a tour that has included meetings in Seoul, Tokyo and Jakarta with USA corporations about trade and investment issues.

Vice President Mike Pence is expected to discuss trade and security with Australian Prime Minister Malcolm Turnball during his visit to the country, Reuters reports.

"These deals represent the tremendous excitement that American companies feel about opportunities in Indonesia", said Pence.

A total of 11 commercial and investments deals were signed between the nations including: Defense contractor Lockheed Martin's pact to provide weapons and targeting systems for F-16 fighter jets; and a deal for Exxon Mobil to sell 1 million tons of liquid natural gas to a state-owned oil company. "Obviously they lead with China".

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Earlier on the visit, he said that Washington wanted to "break down barriers" for exporters seeking to enter the Indonesian market.

However, Indonesia can be a notoriously hard place to do business due to nationalistic policies, complex bureaucracy and problems with corruption, and foreign firms have often run into trouble.

Pence departed Indonesia Friday for the next stop on his tour, Australia.

"We don't want to get too deep in business-to-business issues, but when it comes to economic development and reforms and regulations in Indonesia, we encouraged it", the adviser told reporters traveling with Pence on his 10-day trip to Asia.

This post was syndicated from Breaking News, Nigeria News and World News - The Guardian Nigeria.

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