Latin America market profile

Priority Latin American markets for Queensland are Chile, Colombia and Peru. The priority markets have broad trade growth potential to provide the best opportunity for Queensland companies in:

• mining
• food and agribusiness
• infrastructure
• education and training.

Latin America’s tropical conditions make it a natural partner to collaborate with Queensland across several sectors.

For example, commonalities between Latin America and Queensland in agribusiness have the potential to expand biofuel production without diverting land from growing food.

There are 100 infrastructure projects in Latin America and the Caribbean valued at A$192 billion.

The projects are across a range of sectors, including:

• airports
• electricity generation and transmission
• information communication and technology
• oil and gas
• port and logistics
• rail, highways and bridges
• urban mass transit
• water and wastewater.

The Australia–Chile Free Trade Agreement, a double taxation agreement and a transparent process for doing business make Chile a natural hub for Queensland companies. As well, the Peru–Australia Free Trade Agreement (PAFTA), which entered into force on 11 February 2020, will launch a new chapter in economic relations between Queensland and Peru.