Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-20-Speech-2-228"
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"en.20100420.8.2-228"2
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"The European Union is Latin America’s number one trading partner and the second largest trading partner in the case of Mercosur and Chile. European Union Member States also provide the largest source of direct investment in Latin America. However, relations between the European Union and Latin America go further than the commercial aspect as they include historical, institutional and cultural elements as well.
In this context, I believe that a trade agreement involving closer cooperation with Latin America needs to be drawn up. In fact, the continuing efforts to sign an association agreement with Mercosur mark the first step in this direction.
The association agreement provides an instrument which would help promote both regions’ common economic, social and geopolitical interests. This would also be the first intercontinental association agreement between North and South which would offer an alternative to other less equitable attempts at integration, such as the Free Trade Area of the Americas.
Closer trade cooperation between Latin America and the European Union would facilitate the implementation of economic and social cohesion policies aimed at promoting economic development and prosperity in both regions. I hope that we will see a number of satisfactory conclusions pointing in this direction, presented at the summit to be held between the European Union and Mercosur on 17 May."@en1
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