Chile and Japan have shared a complementary trade relationship for more than a century, with an increasing momentum since the 1970s, stimulated by Japanese industrial development and Chile’s role as an important and reliable supplier of natural resources, including strategic mineral resources.
In the framework of the APEC Meetings in the Republic of Korea, in November 2005 and following the Leaders´ instructions, the Minister of Foreign Affairs of Chile and the Minister of Commerce of Thailand announced the initiation of a Joint Study Group on the Feasibility of a Free Trade Agreement (FTA).
A high and sustained economic growth and major social developments were the most distinctive characteristics of the Chilean economy in the 90s; noteworthy was the reduction of poverty.