The importance of Latin America @EuroparlResearchService
The importance of Latin America  @EuroparlResearchService
Uploaded July 2023 | Updated September 2026, 2 hours ago
Latin America is historically very similar to the EU: we share the same values, language, religion, democracy. The EU and Latin America and the Caribbean together represent 14% of the world's population and 21% of global GDP. And almost one third of all the votes in the UN General Assembly.

Moreover, the EU has to face a new global order: By 2050, four of the five largest economies (China, India, Indonesia and Brazil) will come from the so called Global South.

EU might be losing ground: already today China has economically outranked the EU in Latin America, a region in which Europe had traditionally a dominant role: China has overtaken the EU and is the region`s second biggest trading partner after the US.

📺 Watch the second episode of the Latin America chronicles: 'China's influence in Latin America': youtu.be/Q-EKSeXhVqs
📺 Watch the third episode of the Latin America chronicles: 'Critical raw materials and Latin America': youtu.be/8-aEvp3oMQ0

📖 Dig deeper into the migration to the EU in our publications:
• EU trade with Latin America and the Caribbean: Overview and figures: https://www.europarl.europa.eu/thinktank/en/document/EPRS_STU(2023)751413
• Strengthening ties: A new agenda for the EU's relations with Latin America and the Caribbean: https://www.europarl.europa.eu/thinktank/en/document/EPRS_BRI(2023)749791
• Latin America Outlook 2023: EU-LAC relations at a time of geopolitical upheaval: https://www.europarl.europa.eu/thinktank/en/document/EPRS_IDA(2023)739372

📲 Find all our publications on our EPRS app:
• iOS: http://epyoutube.eu/q57W
• Android: http://epyoutube.eu/q57X


CONTENT:
00:00 Geopolitical importance of Latin America
01:30 Challenges for the European Union
02:13 Latina America's stance to the war in Ukraine
03:13 EU’s approach to relations with Latin America
04:19 The benefits for Latin America
05:01 State of play of EU-Latin America relations
06:18 Outro
The importance of Latin AmericaHow is the European Parliaments President elected? [Policy Podcast]Future shocks 2023: Biodiversity loss or collapse [Policy podcast]CO₂ emission standards and reporting obligations for new heavy-duty vehicles [Policy podcast]EU and the UN Sustainable Development Goal for energy (SDG7)Mapping the cost of non-Europe: Europe could better ensure public goods for allParliaments plenary debates on European Council conclusionsSearch engines in times of Artificial IntelligenceSeventy years of transnational political groups in the European ParliamentESPAS Conference 2023: Video highlights, 14 November 2023What if generative artificial intelligence became conscious? [Science and Technology Podcast]Ten issues to watch in 2026
European Parliamentary Research Service |

The importance of Latin America

SHARE TO X SHARE TO REDDIT SHARE TO FACEBOOK WALLPAPER