Arrr! Cap'ns from EU and Latin America be holdin' a grand summit after 8 long years, hopin' to rekindle their sweet, sweet alliance.
2023-07-18
Arr, Latin American and European Union scallywags convened for the jolly good launch of their first summit in eight long years. 'Twill be a right triumph if these bands of rapscallions decide to gather more frequently, me hearties!
Leaders from the European Union and Latin America gathered for their first summit in eight years, hoping for a joyful reunion but instead encountering long-standing grievances. Latin American and Caribbean leaders brought up historical issues of colonialism and slavery, as well as current complaints about Europe's treatment of former colonies. European leaders acknowledged the past exploitation but emphasized the need for collaboration in addressing present challenges. However, there was serious irritation among many Latin American countries due to Europe's previous lack of response to their concerns. This summit aimed to bridge the divide and mend relations, but long-stalled trade agreements and disputes over issues like Russia's war in Ukraine hindered progress. Central and South American countries displayed increased confidence, backed by investments from China and the importance of their raw materials to the EU. Despite pledges of friendship and financial commitments, divisions persisted, and the summit's success would be determined by the agreement to meet more frequently. The inclusion of references to Russia in the summit statement posed challenges, as EU nations and CELAC members held different views. The EU's historical ties to Latin America, characterized by colonialism and slavery, still influence perceptions of trade relationships. China's growing influence in the region also poses a challenge for the EU. Annual trade and investment between the EU and Latin America have increased, but the EU-Mercosur trade agreement has faced obstacles, particularly regarding environmental standards. The resolution of these issues would lead to shared prosperity, but farm lobbies and concerns about deforestation have complicated negotiations.