EU relations with Latin America

Map - Latin AmericaMap - Latin America

EU policy priorities towards Latin America since 2010 focus on:

  • deepening political dialogue at bilateral, regional and multilateral level;
  • deepening mutually beneficial trade and investment ties;
  • furthering closer bilateral relations with individual Latin American countries while also supporting regional integration;
  • increased dialogue on macro-economic and financial issues, environment and energy or science and research, intensifying our cooperation in these fields;
  • supporting the region’s efforts to reduce poverty and inequality and to pursue sustainable development, in line with the EU’s Agenda for Change;
  • adapting cooperation programmes to cover innovative areas not addressed by traditional development cooperation;
  • involving civil society in the Strategic Partnership including through the EU-LAC Foundation.

(EU-Latin America: Global players in Partnership- 2009

A wide range of agreements with individual countries and groups of countries in the region have been concluded, including Association Agreements with Chile and Mexico. Strategic Partnerships have been established with Brazil and Mexico. An Association Agreement with Central America, as well as a Trade Agreement with Peru and Colombia have been signed and will soon enter into force.

The EU is the second trade partner for the region. Trade in goods more than doubled over the last decade –up to €202 billion– (6.3% of total EU trade and 13% of LA trade). The EU remains the leading foreign investor in the region (including the Caribbean), accounting for €385 billion of Foreign Direct Investment (FDI) stock in 2010, or 43% of the region's total FDI. EU FDI in Latin America and the Caribbean is higher than EU FDI in Russia, China and India combined.

Over the past decade, the EU has also supported the region’s successful efforts to reduce poverty and social inequality by providing €2.7 billion in development assistance under the Development Cooperation Instrument for Latin America 2007-13.

Summits of the EU, Latin America and the Caribbean (LAC) leaders take place biennially, the last one was held in Santiago, Chile, in January 2013, and the next one will take place in Brussels in 2015.

Latest European Union  High Level visits  to the region

 

For more information on relations between the EU and the sub-regions: