Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-21-Speech-4-951"
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"en.20101021.19.4-951"2
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The Treaty of Lisbon defines the EU’s trade policy as an integral part of the Union’s general external action. In recent times there has been a decline in trade between the European Union and the Latin American and Caribbean region (LAC) by virtue of the growing participation of Asian countries in LAC external trade, despite the fact that the EU remains Latin America’s second-largest trading partner. While the association agreements between the European Union and Mexico and Chile have caused a substantial increase in the trade volume, trade between Mexico and Europe is still modest when compared with Mexico’s trade with the United States. I therefore highlight the need for both parties to develop a broader range of trade-related economic activities. The bulk (over 85%) of LAC imports from the EU today are industrial products. In turn, more than 40% of exports from the region to the EU are basic products. It is therefore necessary to mobilise resources and technical assistance to identify and finance programmes that provide production opportunities at local and regional levels, and sustainable access to global markets for excluded communities and for small and medium-sized enterprises."@en1
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