The Ibero-American nations have a strong structure and work together though the Organisation of Ibero-American States (OEI) and the Biannual Ibero-American Summit (SEGIB).

These 22 OEI member countries collectively represent over 640 million people and have a combined annual GDP of over $9 trillion AUD.

This is an important global marketplace for Australia, and Australia is an attractive destination for Ibero-American business and individuals.