Indonesia Proposed Green Minerals Partnership with Chile
The proposal focuses on joint mining technology and industrial projects to bolster the energy sector.
Updated on Oct. 5, 2026 in International Trade
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Indonesian Deputy Foreign Minister Arif Havas Oegroseno has proposed a Green Minerals Partnership Memorandum of Understanding to Chile during the INALAC-BM 2026 meeting. The agreement aims to foster collaboration on green mining technology, industrial projects, and investment.
Why it matters
This partnership seeks to strengthen strategic cooperation between the two nations in the critical minerals and energy sectors. By aligning industrial interests, both countries hope to enhance their respective competitive positions in the global supply chain.
Under the IC-CEPA agreement, 6,704 Indonesian products now qualify for zero-percent import tariffs in Chile. Total bilateral trade has climbed to $535.51 million, reflecting a growth rate of 12.40%.
The players
Arif Havas Oegroseno
He serves as the Indonesian Deputy Foreign Minister and led the diplomatic proposal for the minerals partnership.
Francisco Pérez Mackenna
He is the Chilean Foreign Minister who expressed interest in procurement cooperation with Indonesia.
Codelco
This is a state-owned Chilean copper mining company that signaled openness to collaborative research and technology.
Puerto San Antonio
This is the primary port operator in Chile that invited foreign entities to participate in future tender processes.
The details
The proposal involves key industrial entities such as Codelco, PT Freeport Indonesia, and INALUM to drive research and development. Additionally, Puerto San Antonio has invited Indonesian firms to participate in upcoming bids for port concessions as current contracts expire by 2029.
Timeline
December 14, 2017: IC-CEPA agreement signed.
August 10, 2019: IC-CEPA implementation began.
October 1, 2026: Green Minerals Partnership proposal presented.
October 2, 2026: Official visit to Puerto San Antonio.
2029: Existing port concessions in Chile expire.
Market Dynamics
The proposed minerals partnership follows a pattern set by the Indonesia-Chile Comprehensive Economic Partnership Agreement, which established the initial framework for tariff reduction. This move marks an effort to deepen economic integration beyond standard trade by targeting specific industrial supply chains.
Investors and stakeholders involved in mining and logistics may see new opportunities for international capital allocation through these industrial partnerships. The expansion of tariff-free product lists could also reduce costs for companies importing goods between the two nations.
The takeaway
This diplomatic push highlights a growing trend of nations seeking to secure critical supply chains through bilateral industrial cooperation. Businesses operating in the energy and logistics sectors should monitor these negotiations as potential pathways for cross-border expansion.
What happens next
Puerto San Antonio is expected to initiate the tender process for container and cargo terminal concessions ahead of the 2029 expiration date for existing contracts.
Further reading
Learn more about evolving global commercial ties on our International Trade page.
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