This paper provides an analysis of the evolution of engagement and trade between Australia and Latin America. These regions are seen as competitors, but trade and engagement has recently increased. We examined this growth from the 1970s, by analysing trade, foreign direct investment, and migration and tourism flows. This article investigates how both parts of the world have engaged and dealt with international conflicts, either in terms of diplomatic or multilateral cooperation. The paper concludes that there are many possible channels for cooperation and further trade and engagement open to both.