A Historic Meeting for EU-Latin America and Caribbean Relations

The Ministers of Economy and Finance of the European Union and Latin America and the Caribbean met in Santiago de Compostela in a historic meeting convened by CAF and the Government of Spain to advance trade, economic, financial, and cooperation relations between two vital blocs for global sustainability.

The first meeting between EU and CELAC ministers discussed crucial topics for the relations between Latin America, the Caribbean, and the European Union, including sustainable development, the transition towards a green economy, the significance of digitalization, and human development.

This meeting is proof of the new momentum to reinforce historical ties based on trade, cooperation, peace, and sustainability, and is a great opportunity to address jointly the global challenges of decades to come.

Organized by Spain and CAF, the meeting has advanced a renewed EU investment agenda in the region, put forward in July at the EU-CELAC Business Summit, where the EU announced investments totaling EUR 45 billion in the region. Featuring Economy and Finance Ministers from both sides of the Atlantic, this is a fundamental forum to design strategies to bridge socioeconomic gaps in the region, streamline the green transition, and reinforce regional integration.