WITH a new trade deal in the bag, Southern Downs producers might soon export their produce to one of the fastest-growing economies and regions in the world.

Maranoa MP David Littleproud said export opportunities had expanded, taking our produce further on the world stage thanks to a new trade deal with Peru.

"Peru is Australia's fifth-largest commercial partner in Latin America and is a gateway to increased trade across South America,” Mr Littleproud said.

Under the new deal, Mr Littleproud said there would be immediate duty-free access for several products, including sheep meat, wine and horticulture products, kangaroo meat and wheat.

"Whether it's Granite Belt horticulture and wine from the South Burnett, kangaroo meat harvested and processed in western Queensland, beef processed in Warwick, grazed on the Channel Country, sold at Australia's largest cattle-selling centre in Roma or Darling Downs grain - this trade deal is fantastic news for Maranoa,” he said.

With Australia's two-way trade in goods and services with Peru worth $590million last year, up 51.2 per cent from the previous year, there is potential for a great export relationship with Peru in the near future.

"This isn't just good news for red meat producers ... sheep meat producers and exporters will also benefit,” he said.

Department of Agriculture and Fisheries senior industry development officer Justin Heaven said the new trade deal would see major improvements for exporters.

"Our current exports to Peru are less than 1 per cent of Australia's total Agrifood exports - and it mainly consist of Milo-type beverage preparations - so there is huge potential for certain commodities, especially considering Peru has one of the fastest-growing economies in Latin America,” Mr Heaven said.

"Trade with Peru has been minimal in the past because of the high tariffs and import duties, so under the deal there will be duty-free access for sugar, dairy, rice and sorghum and tariffs eliminated for beef, sheep meat, wine and almonds.”

Mr Heaven said there was still a lot to happen before trade would flow.

"There is still some time before the benefits will flow, with both countries requiring sign-off by individual parliaments,” he said.

"Protocols need to be set in place and partnerships developed before the trade will flow.”