Key partnerships

The Australia-Chile Free Trade Agreement (ACl-FTA), in force since 6 March 2009, was Australia’s first bilateral trade agreement with a Latin American country. It eliminates tariffs on the majority of goods traded between the two countries and provides a framework for services, investment and government procurement. For Queensland, the ACI-FTA underpins strong engagement with Chile, particularly in mining and METS, critical minerals, agriculture and services, and serves as a foundation for deeper collaboration in clean energy and resource development 

The Peru–Australia Free Trade Agreement (PAFTA), which entered into force on 11 February 2020, strengthens trade and investment ties between Australia and Peru by reducing tariffs, improving services access, and enhancing regulatory transparency. For Queensland exporters, PAFTA supports improved access for resources, METS, agrifood and education services, while also facilitating stronger commercial relationships in one of South America’s key mining economies 

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), in force for Australia since 30 December 2018, is a high-standard regional trade agreement that includes Chile, Mexico and Peru among its members. The agreement reduces tariffs, improves market access, and establishes consistent rules across goods, services, investment and intellectual property. For Queensland, CPTPP is a key platform supporting competitiveness in Latin America, particularly in resources, agrifood, education and services exports, while also providing more predictable and transparent conditions for doing business in Chile and Peru.