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 direct investment (FDI) in LAC amounts to €758 billion; more than the total of EU investment in China, India, Japan, and Russia combined. The EU is also the region’s princ...
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.
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 tune of EUR 30m. The EIB and BDMG are partnering to support a series of climate action projects in Brazil, including solar PV, smal...
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 in the work leading to the conclusion of the modernization of the trade agreement between Mexico and the European Union, the negotiation ...
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 groups will be in attendance too. Read more.
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.
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.
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 vulnerable in Latin America and the Caribbean in 2020. Read more.
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.
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.