relatively underdeveloped but the recent discovery of one of the world's three largest deposits of ilmenite (a titanium ore) has the potential to greatly expand mining in the country. Australian companies with existing interests in Argentina, Brazil and Uruguay may find that the close commercial ties that these countries have with Paraguay may facilitate entry into the Paraguayan market. In 2011, the Paraguayan-Australian Chamber of Commerce was formed. This organisation works closely with the Australian Embassy in Buenos Aires to facilitate and encourage trade and investment between the two countries. High level visits April 2013 – An Australian parliamentary delegation led by then Speaker Anna Burke visited Paraguay. May 2014 – Paraguay was represented at the 2014 Latin America Down Under Mining Conference in Sydney by an official from its Ministry of Mines and Energy. See also Australian Paraguayan Foreign relations of Australia Foreign relations of Paraguay References External links Paraguay Bilateral relations of Paraguay