Chile seals first trade deal with Philippines in Latin America

Foreign Minister Francisco Pérez Mackenna concluded his Southeast Asia tour after sealing a deal with the Philippines and starting talks with Bangladesh.

Foreign Minister Francisco Pérez Mackenna ended his tour of Indonesia, Singapore and the Philippines on Saturday. During the trip, Chile and the Philippines finalized the Comprehensive Economic Partnership Agreement, making the country the first in Latin America to reach such a pact with the Asian nation.

Pérez Mackenna met with Bangladeshi authorities and agreed to start formal negotiations for a free trade agreement. He also held talks with Indonesia to add an investment chapter to the existing deal from 2019 and discuss lithium and critical minerals.

In Singapore, the minister spoke with Prime Minister Lawrence Wong on security cooperation and the Green Economy Partnership Agreement. “We want to strengthen our trade exchange, attract investments, advanced human capital and talents for the development of new technologies,” Pérez Mackenna said at the end of the tour.

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President Marcos welcoming ASEAN foreign ministers at Malacañang Palace for treaty anniversary
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Marcos highlights cooperation at ASEAN Treaty anniversary

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President Marcos welcomed foreign ministers at Malacañang to mark the end of the 50th anniversary commemoration of the Treaty of Amity and Cooperation in Southeast Asia.

During Paraguayan President Santiago Peña's historic visit to Manila—the first by a Paraguayan leader in over 60 years—Presidents Ferdinand Marcos Jr. and Peña oversaw the signing of multiple agreements to boost trade, agriculture and people-to-people ties.

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Foreign Minister Francisco Pérez Mackenna concluded his tour of India after meetings in Bangalore. NinjaCart announced it will increase purchases of Chilean products tenfold to nearly five million dollars.

Paraguay President Santiago Peña Palacios will visit the Philippines on May 11 to expand cooperation in trade, investment and agriculture, Malacañang announced. The visit marks the first presidential trip between the two countries. He and President Marcos are set to hold a bilateral meeting at the Palace.

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President Ferdinand Marcos Jr. and Canadian Prime Minister Mark Carney elevated bilateral relations to a strategic partnership during a meeting in Vancouver on July 2, 2026. The leaders also witnessed the signing of agreements on energy labor tourism and culture while discussing South China Sea issues.

Chile's Ministry of Foreign Affairs called a high-level meeting on May 28 in Santiago to coordinate actions against transnational organized crime.

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The South American trade bloc Mercosur has started negotiations with Japan for an economic partnership agreement. The announcement came during a leaders summit in Asuncion. It follows Mercosur's recent free-trade deal with the European Union.

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