Chile is one of the wealthier economies in Latin America and they would represent a market for the products coming out of Asia. This region is increasingly the manufacturing center of the world and certainly that would be part of any agreement.
The continuing demand in South Korea's biggest markets is serving as the driving force.
Consumer spending should be able to continue to contribute as it has in the past couple of quarters. The labor market is in better condition than it has been in a few years and that should be supportive of consumer spending.