Latin America: EU’s fifth most important trading partner

(after US, China, Russia, Switzerland)

 

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European Commission @EU_Commission

2015-06-09

CELAC = EU’s fifth most important trading partner in 2014 #EUCELAC #UECELAC #Eurostat bit.ly/1GwmjFA pic.twitter.com/0yZT65MRdn

 

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Excerpts from document cited in tweet:

More than €200 bn total trade

 

The 28 Member States of the European Union (EU) and the 33 Latin American and Caribbean countries of the CELAC are home to more than one billion people. CELAC countries also represent a major trading partner for the EU.

 

After a significant decrease in 2009 following the financial crisis, the value of EU imports of goods from CELAC recovered to a new peak of €112.3 bn in 2012 and then fell to stand at €98.6 bn in 2014. Exports, which also declined in 2009, then recovered more strongly to reach a peak of €117.5 bn in 2013, before decreasing to €110.6 bn in 2014. As a result, the EU trade balance with CELAC, which moved into surplus in 2012, stood at +€12.0 bn in 2014.

 

Over the last ten years, the share of CELAC in extra-EU imports remained almost stable at 5.9%, while its share in exports grew from 5.4% in 2004 to 6.5% in 2014. 

 

 

Press releases

 

http://europa.eu/rapid/press-release_IP-15-5149_en.htm

EU increases investment and business cooperation with Latin America and the Caribbean (€118 million)

 

Excerpts 

  • An investment grant of €15 million for the Geothermal Development Facility Latin America which focuses on the development of geothermal energy in Latin America.
  • A contribution for an energy project for the Eastern Caribbean (€4.25 million of EU grant funding). This project is gives technical assistance and invests in energy efficiency and renewable energy.
  • The 5th phase of the Al-Invest programme (with total funding of €26 million) that facilitates access to international markets for Latin American small and medium enterprises (SMEs).

 

http://europa.eu/rapid/press-release_IP-15-5159_en.htm

EU boosts support for sustainable development in Latin America and the Caribbean (€230 million)

 

"All these programmes (€230 million) come on top of those announced yesterday in the context of the EU-CELAC Business Summit on investment and business support (€118 million) and, together with the regional envelope for the Caribbean (€346 million) announced also today, bringing the overall package of the European Union to almost €700 million in support of Latin America and the Caribbean."

 

 

http://europa.eu/rapid/press-release_IP-15-5163_en.htm?locale=en

EU announces new funding for the Caribbean (€346 million)

 

 

 

Excerpt from document cited in tweet

"The 33 members of the Community of Latin America and the Caribbean states (CELAC) are: Antigua and Barbuda, Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominica, the Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Uruguay and Venezuela."