Latin America and the Caribbean is a dynamic and diverse region with a total population of almost 638 million people. The rise in urbanisation has led to significant social and economic transformations and has underscored the need for improved housing, essential services and transportation. The region has achieved significant social and economic progress with Brazil, and Mexico respectively being the 7th and 11th largest economies in the world. Colombia has emerged as one of the fastest growing economies and is ranked 30th worldwide.

Favourable political, economic and social trends in Latin America offer opportunities for Victoria to diversify its engagement beyond traditional economic partners. These trends include growing demand for higher efficiency in key industries and pro-business agendas across the region.

The Pacific Alliance economic trade bloc, comprising Chile, Colombia, Mexico, and Peru accounts for 46 per cent of the region’s exports and 50 per cent of its total imports. Australia is one of the first countries to begin negotiating an FTA with the Pacific Alliance. New direct flights between Santiago and Melbourne, serviced by LATAM Airlines since 2017 have been a key driver of education, business, and investment-related travel.

Opportunities for Victorians looking to do business with Latin America

Victoria's Latin America Trade and Investment Strategy Launch

Released on 29 May 2018, Victoria's Latin America Trade and Investment Strategy PDF, 10.6 MB outlines the Victorian Government’s plans to deepen and expand the state’s  economic ties with the region. It identifies key trends in Latin America  and aligns Victoria’s capabilities with in-market demands.

VIDEO: Victoria's Latin America Trade and Investment Strategy Launch


Download and read a PDF or accessible version of Victoria's Latin America Trade and Investment Strategy

Discover how your business can export to Latin America

  • The Victorian Government Trade and Investment (VGTI) office in Santiago, Chile officially opened in October 2016. The Santiago VGTI provides tailored market intelligence, local insights and guidance for your export business. They can also connect you with overseas buyers and industry partners in Latin America.
  • covers Latin America and the Caribbean. The office can provide tailored market intelligence, local insights and guidance for your export business. They can also connect you with overseas buyers and industry partners in Latin America.
  • Austrade's market profiles provide further detail and facts about Latin American markets.
  • The Victorian Government provides support to businesses through a range of grants, vouchers and assistance programs.
  • The International Chamber House (ICH) in Melbourne's city centre is a business networking hub for international bilateral chambers and business associations. It provides members access to meeting rooms with video-conferencing, flexible workspaces and a function space for international business development events.
  • Visit our regional insights page and read current updates from our Regional Specialists