copper market

By Anonymous (not verified), 21 July, 2025

The Indo-Chilean Chamber of Commerce and Culture reports on a week filled with significant diplomatic, cultural, and economic developments between Chile and Indonesia. The central thread of these events is the strengthening of the historical ties between the two nations, despite the emergence of new challenges in the international trade sphere.

Highlighting the cultural interaction, the Chilean Navy's Training Ship "Esmeralda" docked in Jakarta for the first time in nearly three decades. The visit, filled with symbolism and emotion, included a special event at the inclusive Cempaka Putih "Republic of Chile" school in Jakarta. Students had a unique opportunity to experience live Chilean music, learn the traditional Chilean dance, the cueca, and engage in a cultural celebration with the ship's crew.

After five days in port filled with cultural exchange activities, the "Esmeralda" concluded its visit to the Indonesian capital on July 17. The ship now sets sail east towards the west coast of Australia, where it is expected to arrive in the second week of August.

In the economic arena, Indonesia is positioning itself as a competitor for Chilean copper in the United States. U.S. President Donald Trump announced a trade agreement with Indonesia, reducing tariffs on its imports from 32% to 19%. Trump negotiated directly with Indonesian President Prabowo Subianto, describing the deal as "historic".

This new trade agreement has sparked discussions within the Chilean National Congress. The Mining and Foreign Affairs Commissions of the Chamber debated the potential impacts of the new 50% tariff on copper imports to the U.S. The tariff, announced by Trump, aims to establish a dominant national industry aligned with the magnate's protectionist ambitions to stimulate employment.

Despite these new challenges, the Indo-Chilean Chamber of Commerce and Culture remains confident in the enduring and irreplaceable ties between the two nations. The Chamber emphasizes the importance of these historical connections in navigating the shifting currents of international trade and diplomacy.


Source:
  • Chile e Indonesia celebran su vínculo histórico con una visita cultural y naval (Elmostrador.cl)
  • Buque Escuela (BE) “Esmeralda” termina su paso por Yakarta e inicia su navegación a Sidney | Armada de Chile (Armada.cl)
  • Indonesia se posiciona como un competidor más para el cobre chileno en Estados Unidos | Periodismo Chileno (Periodismochileno.cl)
  • ¿Buena o mala señal para Chile? Trump anuncia acuerdo con Indonesia: “Tiene un cobre de muy buena calidad que utilizaremos” | Diario Financiero (Df.cl)
  • Trump anuncia acuerdo comercial con Indonesia - La Tercera (Latercera.com)
  • "Somos irremplazables en el corto plazo": Comisiones de Minería y RREE de la Cámara enfrentan arancel para exportar cobre a EEUU (Eldesconcierto.cl)