EU policy priorities towards Latin America since 2010 focus on:
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 Madrid, Spain in May 2010, and the next one will be held in Santiago, Chile, in January 2013.
Latest European Union High Level visits to the region
For more information on relations between the EU and the sub-regions: