Trade Minister Enggartiasto Lukita last week met Chilean Vice-Minister of Trade Rodrigo Yanez Benitez to exchange an instrument of ratification of the Indonesia-Chile Comprehensive Economic Partnership Agreement (IC-CEPA). The IC-CEPA, Indonesia’s first trade agreement with a Latin American country, is set to come into effect on 10 August 2019.

Indonesian Trade Minister Lukita said he is optimistic that total trade between both countries can double in the next couple of years, from US$$274.1 million in 2018. Lukita added that total trade between Indonesia and Chile in 2018 did not reflect the “true potential of both countries”.