About the initiative

The Atlantic Council’s Adrienne Arsht Latin America Center launched the Euro-Americas Forward program to further advance relations between the European Union, Latin America, the Caribbean, and the United States, with a focus on trade and investment, digital inclusion, the green transition, and political dialogue.

Political dialogue

Following an eight-year hiatus, the 2023 EU-CELAC Summit of Heads of State and Government revitalized a conversation that was dormant and established a consistent periodicity for high-level dialogue. In addition, the Summit concluded in an ambitious and comprehensive 41-point joint declaration. Institutionalized follow-up mechanisms will be crucial to ensuring that shared commitments are met.

Trade and investment

In 2021, investment from the European Union accounted for 36 percent of total foreign direct investment (FDI) to Latin America and the Caribbean, surpassing the United States (34 percent) as the largest investor in the region. Combined, LAC countries are the EU’s fifth largest trading partner. The European Union has established trade agreements with several countries and subregional blocs, including Cariforum, the Central America group, Chile, Colombia, Ecuador, Mexico, and Peru.

Green transformation

The 2008 European Union, Latin America, and the Caribbean Summit in Lima established climate change as a priority area for EU-LAC cooperation. LAC is poised to play a pivotal role in the green energy transition due to its critical mineral endowments, including large shares of the world’s lithium (60 percent) and copper (40 percent). The European Investment Bank (EIB) has allocated €13.4 billion worth of investment to LAC, with a transversal focus on climate action.

Digital infrastructure

Closing the digital infrastructure gap has been identified as one of the key levers to unlock higher productivity and more dynamic and inclusive economic growth in Latin America and the Caribbean. EU-LAC cooperation on digital transformation includes initiatives such as the European Union-Latin America and Caribbean Digital Alliance and the Building the Europe Link to Latin America and the Caribbean (BELLA), a submarine fiber optic cable connecting the two regions.

Get the latest developments, events, reports, and experts analysis on the political, economic, and social landscape in the region.


Galvanizing Spain’s presidency for the next chapter

In anticipation of the opportunity Spain’s EU presidency presents, AALAC partnered with Club de Madrid in early spring of 2023 to create a working group. Drawing on the expertise of the thirteen participants, including three former presidents, the working group published a policy brief that provides recommendations for strengthening the connection between the EU and LAC.

Issue Brief

Dec 11, 2023

Galvanizing Spain’s presidency for the next chapter: Multilateralism, green transition, and digital transformation

Executive summary A bolstered Euro-American relationship is critical for the promotion of prosperity and development across Europe and the Americas. Greater collaboration among the European Union, Latin America and the Caribbean, and the United States has the potential to spur the creation of unique solutions to the world’s greatest challenges while leveraging joint opportunities for […]

As of 2021, one-gigabyte data plans cost families in LAC 2.7 percent of monthly household income on average, while the devices needed to use this data, like smartphones and tablets, could cost up to 30 percent of monthly household income. There is a pressing need to develop digital infrastructure in the region. -Ignacia Ulloa Peters, Assistant Director, Adrienne Arsht Latin America Center
The European Union, United States, Latin America and Caribbean have significant shared interests and can benefit from greater cooperation. Recent summits and the Spanish EU presidency have set the stage for a much stronger, permanent institutional structure for EU-US-LAC engagement.
Greater multilateral cooperation on the green-energy transition can help make the business case for forest preservation in Latin America. Growing US and EU demand for carbon offsets can become an opportunity for LAC nations to reduce emissions and achieve green economic growth.
Every citizen, regardless of their location or socioeconomic background, should have equal access to public services and the opportunities presented by the digital age. Greater cooperation between the EU, US, and Latin America and Caribbean can help kickstart digital transformation and expand opportunities and growth.

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An eight-year diplomatic lull is over. So what did EU and Latin American and Caribbean leaders achieve?

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The Adrienne Arsht Latin America Center broadens understanding of regional transformations and delivers constructive, results-oriented solutions to inform how the public and private sectors can advance hemispheric prosperity.