Chile and Japan announced their intention to evaluate the possibility of negotiations towards a free trade agreement on 22 November at the 2004 APEC Summit, held in Santiago, Chile. Following the evaluation of the results of the Chile-Japan Joint Study Group (JSG), which held four meetings, the two countries announced their intent to launch FTA negotiations on 18 November 2005, in Seoul, Korea at the APEC heads of state meeting. The Agreement between Chile and Japan for a Strategic Economic Partnership was signed on 27 March 2007 in Tokyo, Japan.
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