Latin America's trade and bilateral relationship with Victoria

Opportunities for Latin American companies are growing in Melbourne, Australia. Our trading and bilateral relationship continues to grow, with two-way trade in FY 2022-23 valued at A$3.2 billion, supported by cultural ties and people to people links.

Victorian Trade and Investment Offices

Supporting our relationship, the Victorian Government has an office in Santiago, Chile. This office plays a vital role in the facilitation of trade, investment and the establishment of people to people links and partnerships between the two regions.

Victoria's Latin American Strategy

Victoria's Latin American Strategy outlines the plan to deepen and expand the state's economic ties with the region, identifies key trends in Latin America and aligns Victoria's capabilities with in-market demands. For more information visit:

Victoria's Latin American Strategy

Trade Agreements

Australian-Latin American Free Trade Agreements

Australia has free trade agreements with Peru and Chile which were entered into force on 11 February 2020 and 6 March 2009 respectively. These Free Trade Agreements pave the way for Australia's economic relationship with Latin American countries.

For more information please refer to The Department of Foreign Affairs and Trade:

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement (FTA) signed on 8 March 2018 between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam.

For more information please refer to The Department of Foreign Affairs and Trade;

Pacific Alliance Free Trade Agreement

Australia and the Pacific Alliance - a regional trading bloc comprising Chile, Colombia, Mexico and Peru launched negotiations for a Free Trade Agreement (FTA) on 30 June 2021. A Pacific Alliance FTA would ensure Australia is well-placed to share in Latin America's economic growth, enabling Australian businesses access to the opportunities presented by that growing market, strengthen our economic relationship and provide opportunities for Australian businesses to diversify their export markets.

Pacific Alliance Free Trade submissions

Australia also has double taxation agreements with Chile and Argentina, which facilitate trade and investment across jurisdictions.

Bilateral Relationships

National / Institutions

Asia-Pacific Economic Cooperation* (APEC) (launched 1989)
World Trade Organisation* (WTO)
The Cairns Group* (established 1986)
G20* (established 1999)*

*check for individual country’s eligibility

Victorian Universities

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