The Trump administration expects that Indonesia’s decision to bring down trade barriers will result in at least $50 billion in additional market access for US goods.

Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by Reuters.

Indonesia secured a trade deal with the United States on July 16, which, at first glance, looks like a lifeline, as it locks in a maximum 19 percent tariff on Indonesian exports to the US through 2029. The deal was struck at a time of intensifying US protectionism, and offers what appears to be a temporary shield to Indonesia.

President Donald Trump announced new trade agreements with Japan, the Philippines and Indonesia this week as the Trump-imposed August 1 tariff deadline approaches. The U.S.–Japan agreement reduces planned tariffs on Japanese exports from 25% to 15% in exchange for a $550 billion Japanese investment in U.