Latin American countries have a long tradition of attempting to diversify their external relations. In this context, since the end of the Cold War East Asia has gained increasing importance. However, despite the rising interest in improved political and economic links, these attempts at diversification showed only modest results, Chile being a noteworthy exception within this overall trend. The following analysis presents an empirical overview of the development of relations between Latin America and East Asia with special emphasis on Chile, demonstrating how domestic transformation has affected the Asia-Pacific policies of Latin American countries. The main conclusion is that while in most countries domestic conflicts over the future course of political and economic development have hampered the creation of a consistent Asia-Pacific policy, the elite settlement in Chile has enabled strategic actors to create a policy network which provides the institutional basis for successfully diversifying external relations to East Asia.