Australia officials are negotiating a free trade pact with Latin American countries during talks on the Gold Coast this week.
Trade Minister Steve Ciobo is pursuing a trade agreement with a Pacific-bloc consisting of Mexico, Chile, Colombia and Peru.
He said it represented an under-explored market for Australian exporters.
Negotiations began last June.
Australia already has separate free trade deals with Chile and Peru and will have Mexico covered as well when the Trans-Pacific Partnership agreement comes into force this year.
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