Latin America has 21 countries with a population of almost 600 million people, predicted to reach 800 million by 2050. The region’s middle class has grown by 50% over the past decade and is now one-third of the population.

Priority Latin American markets for Queensland are Chile, Colombia and Peru.

Trade

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 LATAM and the Caribbean valued at A$192 billion.1

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.

1CG/LA Infrastructure

Estaiada Bridge in Sao Paulo, Brazil

Latin America opportunities

CurrentMid-termLong-term

Current

  • Mines – technology and services
  • Agribusiness – technology, services and innovation
  • Services – water management and consultancy for drought and climate change
  • Infrastructure – design and master planning
  • Training – English language and industry training
  • VET training

Mid-term

  • Energy production
  • Higher education
  • Knowledge industries
  • Financial services
  • Environmental services
  • LNG
  • Biofuels
  • Land rehabilitation
  • Community engagement

Long-term

  • Sustainable development
  • Airport development and tourism
  • Construction
  • Innovative technology
  • Legal services
  • Remote medicine
  • Renewable energies

Sector opportunities in Latin America

Infographic of US$8.9 billion invested for mine development

Mining

The high price of commodities in 2017 and the positive outlook of 2018 have increased investor confidence in, and appetite for, the mining sector in the Latin America region. Investment opportunities are expected to increase, and Peru and Chile present the largest project pipeline and potential investment opportunities in Latin America. The Chilean Copper Commission (Cochilco) has projected investments of A$10 billion in 2018 and the government of Peru passed new legislation in late 2017 intended to promote investment in Peru.

The pipeline of mining investment across targeted Latin American markets is in the billions.

Common issues include:

  • lack of suitable infrastructure
  • water scarcity
  • high energy and operational costs
  • sustainability
  • safety.

Companies with advanced technology and services that can provide solutions to these challenges should consider Latin America as an export market.

Infographic of 28% potential new arable land

Food and agribusiness

Latin America is home to vast arable land and well placed to further scale up agricultural production and trade with appropriate infrastructure, regulations and water management.

There are opportunities for companies offering solutions for efficient use of water and other resources, and sustainable growth of agricultural and food production.

Latin America has 28% of potential new arable land.

Infographic of increased investment in training

Education and training

There is a strong demand for Latin American companies and governments to provide industry with a highly trained workforce.

Latin America is looking for innovative and efficient techniques to bridge the skills gaps to increase productivity levels, safety standards and efficiency.