Indonesia Proposed Green Minerals Deal to Chile
The agreement would link mining technology and industrial projects for firms operating in both nations.
Updated on Oct. 5, 2026 in International Trade
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Indonesian officials have proposed a Green Minerals Partnership Memorandum of Understanding to Chile to expand industrial cooperation. The deal aims to integrate green mining technology and investment between the two nations.
Why it matters
The proposal seeks to deepen ties in critical minerals and energy sectors, providing a framework for firms to collaborate on infrastructure and technology. Strengthening this partnership could lower barriers for businesses involved in international resource extraction.
Bilateral trade reached $535.51 million, an increase of 12.40% year-over-year. Currently, 6,704 Indonesian products qualify for zero-percent import tariffs under the existing IC-CEPA agreement.
The players
Arif Havas Oegroseno
The Indonesian Deputy Foreign Minister spearheading the diplomatic push for resource collaboration.
Francisco Pérez Mackenna
The Chilean Foreign Minister who expressed interest in cross-border procurement and trade initiatives.
Codelco
The state-owned Chilean copper mining giant and the world's largest copper producer.
Puerto San Antonio
Chile's largest seaport operator currently looking to attract international investment for terminal concessions.
The details
The proposed partnership focuses on joint industrial projects and the exchange of green mining technology between companies like Codelco, PT Freeport Indonesia, and INALUM. Additionally, Puerto San Antonio is seeking international interest as it prepares to tender port concessions ahead of 2029 expirations. This outreach builds on the foundation of the IC-CEPA, which already streamlines trade for thousands of goods.
Timeline
December 14, 2017: The IC-CEPA agreement was signed.
August 10, 2019: The IC-CEPA agreement began implementation.
October 1, 2026: The Green Minerals Partnership proposal was presented in Santiago.
October 2, 2026: An official visit to Puerto San Antonio occurred.
2029: Existing port concessions in Chile are set to expire.
Market Landscape
This proposal builds directly upon the tariff-reduction framework established by the IC-CEPA. It represents a significant expansion of that trade pact into high-stakes industrial and critical mineral sectors.
Operators in the mining and logistics sectors should monitor the upcoming port concession tenders in Chile for potential entry opportunities. Businesses currently importing or exporting between these markets should review their eligibility under the 6,704 items covered by IC-CEPA.
The takeaway
The move signals a growing diplomatic effort to link Southeast Asian manufacturing capabilities with South American raw material supply chains. Keep the 2029 port concession deadline on your radar if your business is exploring logistics expansion in Chile.
Further reading
For more on evolving trade corridors, visit the International Trade section.
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