81. Memo to Ursula von der Leyen and António Costa: Make the Right Priorities for the EU-CELAC Summit 2025
- Author:
- Renata Zilli
- Publication Date:
- 10-2025
- Content Type:
- Policy Brief
- Institution:
- European Centre for International Political Economy (ECIPE)
- Abstract:
- The EU–CELAC Summit in Santa Marta, Colombia, in November comes at a time when both regions need to get down to business. The EU-CELAC cooperation has long offered both sides opportunities to advance their economic and strategic interests, but so far, they have not used them. Past summits have rarely moved beyond lofty declarations and have not matched the level of expectations. Since the first Rio Summit in 1992,[1] successive joint meetings between the two regions have highlighted shared values and cooperation on democracy, economic development, and sustainability. Yet, two decades of summitry have not yielded the tangible progress that citizens and businesses expect. In a world of heightened geopolitical rivalry, technological disruption, and recurring supply shocks, Europe and Latin America should make a deeper investment in their relationship. For the European Union, reducing overdependence on a small number of suppliers has become a strategic priority. For Latin America and the Caribbean, diversifying trade and investment partners is essential to avoid being squeezed between the US and China in their strategic competition. A forward-looking agenda on trade and economic security can transform EU–CELAC relations into a strategic Atlantic partnership. This agenda should prioritise: Deepening EU-CELAC economic security cooperation to mitigate supply chain shocks and the weaponisation of economic dependencies through trade diversification. Promoting the integration of regional value chains by fostering diversified comparative advantages across CELAC countries, enabling each to specialise in different segments of production. Funding digital infrastructure: Utilise the EU-LAC Global Gateway Investment Agenda to plug investment gaps, specifically in digital transformation. Completing trade agreement implementation: Use the cooperation to propel the full implementation of Association and Trade Agreements between the EU and CELAC partners, and accelerate the ratification of signed agreements while pushing ongoing processes like the modernisation of agreements with Mexico Make the EU-CELAC cooperation a springboard for a “Coalition of the Willing” for a rules-based international trade. [1] The first high-level meeting between the European Community and Latin American and Caribbean countries took place in 1999, launching the EU–LAC Strategic Partnership. This dialogue evolved into the current EU–CELAC framework in 2013, when the Community of Latin American and Caribbean States became the EU’s formal counterpart, giving the relationship a more structured and political foundation
- Topic:
- Security, European Union, Economy, and Trade
- Political Geography:
- Europe, Latin America, and Caribbean