EU commits $133 million for Latin America, Caribbean

Jun 12, 2015 12:00 AM

High Representative/Vice President Federica Mogherini said: “With this newly adopted EU cooperation package, we want to further strengthen and deepen EU-Latin America relationship”.

The announcement was made at the EU-CELAC (Community of Latin America and Caribbean States) Summit held in Brussels.

More Europeans are emigrating to Latin America than the number of South Americans who come to live in Europe.

“We Latin American and Caribbean nations won’t permit unilateral measures aimed at promoting a coup, nor policies aimed at isolation”. We need to move forward with an economic model that would allow companies, countries, regions to be competitive on the world market, create new jobs and enhance the quality of life.

The investment pledge will go towards projects in sectors such as transport, energy and the environment.

“The EU has always supported CELAC and the EU will continue to support our friends”. He moreover announced that the block would “set up a trust fund to support post-conflict actions in the country”.

Progress is expected on EU plans to lift visa restrictions for short-term visitors from Colombia and Peru.

[BRUSSELS] Unable to match China’s offer of US$250 billion in investment in Latin America, the EU sought ways on Thursday to avoid being marginalised in the region, offering new trade deals, visa-free travel and deeper ties.

The meeting comes in the run-up to important climate change talks in Paris this year.

The declaration was part of an official statement of the Brazilian position in relation to an American decree which defined Venezuela as an “unusual and extraordinary threat” to the national security of the United States, and imposed sanctions on the oil-rich country.

“We both believe in the primacy of global law, democracy and people’s right to self-determination”.

Bulgaria will be represented by President Rosen Plevneliev at the 2-day summit.

Tusk, also a ex- Polish prime minister, highlighted that it would be normal if the two sides “do not agree on everything”, and assured that concluding the summit did not imply that everything has been accomplished, but that there was more to do. The country has been mired in a protracted United States court case over paying off defaulted bonds.

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