Does Latin America trade with Europe?

Even today, although the United States is the main trading partner of Latin America as a whole, Mercosur (which includes Paraguay and Uruguay) does nearly half as much trade again with the European Union. In recent decades European interest in Latin America, and vice versa, has been fitful.

What are the requirements to be apart of the EU?

Countries wishing to join need to have:

• stable institutions guaranteeing democracy, the rule of law, human rights and respect for and protection of minorities;
• a functioning market economy and the capacity to cope with competition and market forces in the EU;

What resources and goods did Latin America provide Europe?

The South American bloc’s main exports to the European Union in 2015 were agricultural products (24\%), vegetable products such as soy and coffee (18\%), and animal products including meats (6\%), while EU exports to Mercosur included machinery (29\%), chemicals and pharmaceuticals (24\%), and vehicles and parts (17\%).

What types of goods were shipped from Latin America to Europe?

Raw materials like precious metals (gold and silver), tobacco, sugar and cotton went from the Americas to Europe. Manufactured goods like cloth and metal items went to Africa and the Americas.

Who makes EU law?

The European Commission is responsible for planning, preparing and proposing new European laws. It has the right to do this on its own initiative. The laws it proposes must defend the interests of the Union and its citizens as a whole.

What is the relationship like between the EU and Latin America?

The EU and Latin America and the Caribbean have enjoyed privileged relations since the first bi-regional Summit, held in Rio de Janeiro (Brazil) in 1999, which established a strategic partnership. They are natural partners linked by strong historical, cultural and economic ties.

What is the EU Regional Programme for Latin America (2014-2020)?

The EU Regional programme for Latin America (2014-2020) consists of 2 components, the continental and the subregional, allocating a total of €917.9 million to both. We allot a major part of the funds to the regional continental programme which prioritises:

How is cooperation work evolving in Latin America?

Our cooperation work in Latin America is evolving as it keeps up with the quickly changing geopolitical environment there and in the neighbouring Caribbean. An effective partnership with Latin American countries requires flexibility to new and varied needs throughout the region, going beyond a traditional donor-recipient approach.

Is Latin America becoming an emerging donor?

Having acquired an upper middle-income status, many of the 18 countries that make up Latin America have transformed to become emerging donors.