The European Union (EU) is mobilizing to expand its political and economic relations with Latin America and the Caribbean.
Brussels plans to establish a permanent body for relations with the region and is expected to announce new investments soon.
The information is from the Spanish newspaper El País.
Spain would have committed to contribute €9.4 billion, according to a document to which the newspaper had access.
The total investment has not yet been defined.
The package of measures must be approved by the European bloc before the first half of June, when the president of the European Commission, Ursula von der Leyen, will visit Brazil, Mexico, Argentina, and Chile.
Trade treaties between the regions are also planned, such as the agreement between the EU and Mercosur.
The EU is the main investor in Latin America but has been losing ground to the US and China.
“In the current global context, this association [EU-Latin America] acquires even greater geopolitical significance,” says the document being prepared by the European bloc’s External Action Service, headed by Josep Borrell.
According to El País, the text will be discussed at the CELAC (Community of Latin American and Caribbean States) summit, scheduled for July 17 and 18 in Brussels.
With information from Poder360
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