09
Nov
Read the declaration here.
09
Nov
The EU has welcomed the WTO ruling that confirms that the anti-dumping duties imposed by Colombia on frozen fries from Belgium, Germany and the Netherlands are in breach of WTO rules and unfairly restrict access to the Colombian market for EU producers. Read more.
09
Nov
High Representative/Vice President Josep Borrell travelled to Uruguay and Argentina with the mission of strengthening bilateral and regional relations, in particular through co-chairing the EU-CELAC Foreign Ministers Meeting which will pave the way for further high-level bi-regional engagement in view of a summit next year. Read more.
11
Oct
Recently, over 120 delegates participated in an Expert Workshop on Priorities for Climate Neutrality and Resilience, as part of the EU-funded project “Enhancing Green Transition in LAC”. Representatives from LAC and OECD countries as well as international organisations discussed climate change mitigation, adaptation and finance priorities for the region. Read more.
12
Sep
Advancing toward a sustainable energy market, several Latin American countries have embarked on a variety of projects to increase renewable energy. Although obstacles to the fruition of renewable projects have arisen, the push for a greener future continues. From vanguard endeavors to install new solar and wind plants, to government-based clean energy proposals, Latin...
05
Aug
The economies of Latin America and the Caribbean have continued their strong post-pandemic rebound, but the winds are shifting as global financial conditions are tightening and commodity prices are reversing their upward trend, while inflationary pressures persist. Read more.
12
Jul
The EU, Costa Rica, El Salvador, Honduras, Guatemala, Nicaragua and Panama agreed to further deepen the agreement by protecting eleven new geographical indications from Central America directly under the agreement, reflecting the interest of the parties to protect local knowledge and high-quality food products and to boost rural development. The parties also agreed to...
12
Jul
The purpose is to enhance ministerial-level dialogue so trade and trade policies can support the Paris climate goals, sustainable development, environmental sustainability and a just transition. The first Coalition meeting should take place early next year. Read more.
06
May
Tax Transparency in Latin America is a key output of the Punta del Este Declaration, a Latin American initiative established in 2018 to tackle tax evasion, corruption and other financial crimes through transparency and exchange of information for tax purposes. The 2022 edition covers 16 Latin American countries and aims to inform decision makers...
06
May
The Permanent Council of the Organization of American States (OAS) adopted a Resolution suspending the status of the Russian Federation as a Permanent Observer to the OAS until the Russian government ceases its hostilities, withdraws all its military forces and equipment from Ukraine within its internationally recognized borders and returns to a path of...
06
May
The digital economy & society is firmly part of the agenda for the EU's relations with the Americas. This includes the coordination of approaches to key global trade, economic, and technology issues and the deepening of transatlantic trade and economic relations with the US, as well as making digital cooperation central to its relationship...
08
Feb
According to the International Monetary Fund's latest calculations, for 2022, growth is expected to slow to 2.4 and a slowdown is inevitable as economies return to their pre-pandemic GDP levels. But the downgrade reflects other challenges, including slower growth in China and the United States, continued supply disruptions, tighter monetary and financing conditions, and...
08
Feb
With a budget of EUR 1.3 billion, the regional Multi-Annual Indicative Programme (MIP) for the Americas and the Caribbean for 2021-2027 will focus on moving forward the EU’s policy objectives and strategic interests vis-à-vis the Americas and the Caribbean, and on building partnerships on areas of shared interest with regional groups and countries throughout...
01
Dec
The Latin American Economic Outlook 2021 is a joint annual publication produced by the OECD Development Centre, the United Nations Economic Commission for Latin America and the Caribbean (UN ECLAC), the Development Bank of Latin America (CAF) and the European Commission (EC). Read more.
Compliments OECD
01
Oct
The EU and Colombia agreed on an "Agenda of enhanced political and sectoral dialogue and cooperation for the next decade". The Memorandum identifies five priorities to guide the development of EU-Colombia relations and lists 12 sectors where cooperation can be increased and/or expanded. The EU is Colombia's third trade partner after the US and...
03
Sep
Find here the Implementation reports, evaluation reports, impact assessments and consultations regarding the trade agreements between the EU and the countries of the Andean Community (Bolivia, Colombia, Ecuador and Peru). Read more.
18
Jun
The annual meeting of Latin American and Caribbean banks was held on 25 and 26th May. At that occasion, European Investment Bank President Werner Hoyer confirmed the European Investment Bank's commitment to continue playing an important role in fostering sustainable investment as Latin America recovers from the pandemic. Read more.
06
Apr
The European Investment Bank (EIB) and Banco de Ahorro y Crédito ADOPEM have signed a loan in Dominican pesos worth EUR 7 million (approx. DOP 480 million) to support micro-entrepreneurs. The loan will help to address the working capital and investment needs of businesses affected by the COVID-19 breakout in the Dominican Republic, targeting...
06
Apr
The European Investment Bank (EIB) and Banco Regional de Desenvolvimento do Extremo Sul (BRDE) announced targeted finance for small and medium enterprises (SMEs) in the States of Rio Grande do Sul, Santa Catarina and Paraná in Brazil, facing the COVID-19 pandemic. Read more.
06
Apr
The Agreement is the newest addition to Chile's extensive network of tax agreements in force with 33 countries. Its objective is to promote greater economic cooperation between Chile and the Netherlands by eliminating tax barriers and promoting investment between the two countries through measures aimed at avoiding international double taxation. Read more
09
Mar
The EU, IPKey Latin America and the Intellectual Property Office of Mexico recently published an IP Economic Impact Study in Mexico. This study reflects the importance IP-intensive industries have on the Mexican economy, focusing on four different areas: contribution to the GDP, direct and indirect employment, average salaries and international trade participation. Find out...
08
Feb
If you missed the 12th edition of the International Economic Forum on Latin America and the Caribbean, you can watch it here.
08
Feb
On the occasion of the EU27-LAC Informal Ministerial Meeting in Berlin on 14 December, the Executive Vice-President (EVP) of the Commission and Commissioner for Trade, Mr Dombrovskis, the High Representative/Vice President (HRVP) of the Commission, Mr Borrell, and the Ministers of Argentina, Brazil, Paraguay and Uruguay, discussed a way forward for the ratification and...
01
Feb
Last December, Barbados deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Multilateral Convention or MLI). With 95 jurisdictions currently covered by the MLI, the ratification by Barbados now brings to 60 the number of jurisdictions which have ratified, accepted or...
20
Dec
Germany has offered to host a ministerial EU-LAC conference planned in Berlin in December with the aim of setting in motion a new dynamic of high-level engagement and re-energizing the EU’s relationship with Mexico and Brazil.Together the EU and LatAm represent almost one-third of the votes at the UN. The stock of EU27 foreign...
10
Dec
The Peer Review published in November finds that the basic pillars of competition law in El Salvador are in line with good international best practices. The latest reform proposals show the efforts of El Salvador to increase the effectiveness of the competition law. Read more.
10
Dec
The agreement will provide flexibility and widen the eligibility criteria of the current EUR 100m BDMG CLIMATE ACTION Framework Loan II, to support and accelerate lending to private sector business in Latin America, especially in Brazil. This flexibility will accelerate access to finance for SMEs and in particular micro-enterprises across the country to the...
23
Oct
This year, the EU and Mexico celebrate the 20th anniversary of the entry into force of their Economic Partnership, Political Coordination and Cooperation Agreement, known as the Global Agreement, which establishes a free trade area and provides the legal framework for strengthening their economic and trade relations. During a special meeting, the progress made...
21
Oct
On November 13th, officials from the European Commission and from the Governments of Colombia, Ecuador and Peru will exchange views on the implementation of the Trade and Sustainable Development Chapter of the Trade Agreement between the EU and its Member States and Colombia, Peru and Ecuador. Representatives from trade unions and business organizations, environmental...
29
Sep
The CBTPA is a preferential trade agreement that provides for duty and quota-free access for apparel products manufactured in designated beneficiary Caribbean Basin region countries. The legislation extends the U.S.-Caribbean Basin Trade Partnership Act through 2030. Eligible CBTPA countries include Barbados, Belize, Curacao, Guyana, Haiti, Trinidad and Tobago, Jamaica and St. Lucia. Read more.
29
Sep
Of particular interest to the Caribbean nations, the aim is to increase the use of GSP, by bringing new EU investment, encouraging European companies to import from the beneficiary countries, and promoting international sustainability standards. Read more.
29
Sep
As part of the EU's global coronavirus response, an EU Humanitarian Air Bridge operation consisting of three flights to Lima, Peru is delivering more than 4 tonnes of life-saving materials to humanitarian organisations active in the country. At the same time, the EU has announced €30.5 million in humanitarian assistance to support the most...
21
Sep
In 1990, Latin America's average GDP per capita was a little over the USA's income level while emerging and developing Asian countries' GDP per capita was only 5%. In 2019, Asian countries had grown fourfold, but Latin America was still at the same level. Read more.
10
Jul
July 10 - The European Commission publishes information regarding the committees established under the EU-Mexico Global Agreement as part of its commitment to a more transparent and inclusive trade and investment policy. Find the documents here.
08
Jul
July 8 – The European Commission published the draft version of the final assessment of the potential economic, social, environmental and human rights impact of the trade part of the association agreement between the European Union and Mercosur (Argentina, Brazil, Paraguay and Uruguay). According to the report, produced by the London School of Economics...
09
Jun
June 9 – The report reflects discussions on rules of origin, technical barriers to trade, good regulatory practices, public procurement, institutional provisions and some intellectual property rights (IPR) provisions. There also are references to sanitary and phytosanitary issues (SPS), transparency, anticorruption and customs and trade facilitation as well as on financial services, investment, investment...
15
May
May 15 - OECD countries unanimously decided to invite Costa Rica to become a member of the Organisation. Costa Rica will become the Organisation’s fourth member country from the Latin America and Caribbean region, joining Mexico, Chile and Colombia. Read further.
28
Apr
On 28 April, Colombia has formally become an OECD Member, the 37 th country to do so in the Organisation’s near 60-year history. OECD Member countries formally invited Colombia to join the Organisation in May 2018, following a five-year accession process during which it underwent in-depth reviews by 23 OECD Committees and introduced major...
28
Apr
The European Union and Mexico concluded on April 28 the last outstanding element of the negotiation of their new trade agreement. Trade Commissioner Phil Hogan and Mexican Minister of Economy Graciela Márquez Colín agreed - in a phone call - on the exact scope of the reciprocal opening of public procurement markets and a...
12