Indonesia and Chile had agreed in November 2008 to conduct a joint study group on the merits of a bilateral free trade agreement. Both countries agreed that the study would be completed by early 2010, with recommendations for their political authorities.
The bilateral relationship has developed considerably in recent years, such as the establishment of a Joint Commission reflecting the shared commitment of the two countries to advance cooperation on a wide range of bilateral and regional interests.
Indonesia and Chile have worked closely and they are willing to expand further its relationship given the importance of the two nations in the Southeast Asia and Latin America region. Indonesia the largest economy in ASEAN and the world’s fourth most populous nation, and Chile one of the most developed economies in the Latin America region.