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European Union’s Strategic Alliance with Latin America
The European Commission devised a new policy to consolidate the strategic alliance between the EU and Latin America. In its communication “EU-Latin America: an alliance between global agents” the Commission evaluates the current situation of the biregional relationship’s and summarizes the objectives for the next few years. Looking towards the next EU-Latin America Summit that will take place in Spain during 2010 Spring season, the communication points out and provides new political directions and recommendations to face the challenges that affect both regions, like climate change, economic and financial downturn, energy security and migration.
It also proposes to create an investment mechanism in Latin America that will allow mobilising resources of financial institutions to support projects in energy infrastructure, transportation, environment and social cohesion.
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