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Overview and figures

Subtitle: 
in-depth analysis
Book Title: 
Overview and figures
Volume, number, page: 
24 p.
Year of Publication: 
2016
Author(s): 
GOMEZ RAMIREZ Enrique
LAZAROU Elena
PUCCIO Laura
Organization Name: 
European Parliamentary Research Service - European Parliament
Acronym: 
EPRS
Publisher: 
European Parliament
City: 
Brussels
Country of Publication: 
Belgium
Full Date: 
2016
ISBN or ISSN: 
978-92-823-8908-9
Considered Countries: 
Chile
Mexico
Peru
Colombia
Category: 
Official Documents
Theme: 
Subregion - European Union
Agreements
Keyword(s): 
Economy
Foreign economy
International cooperation
International economic cooperation agreements
regional cooperation
Economic Agreements
International trade agreements
Latin America
European Union
CARIFORUM
Caribbean
CELAC
Caribbean Forum
Free Trade
cooperation agreement
cooperation policy
Economic policy
Andean Community
Mercosur
CARICOM
Central America
TTIP
NAFTA
APEC
Abstract: 
Trade relations between the EU and Latin American countries have come back into the spotlight in recent years. Collectively, the countries forming the Community of Latin American and Caribbean States (CELAC) represent the fifth largest trading partner of the EU. The EU has concluded agreements with two Latin American (LA) groupings (Cariforum and the Central America group) and with four other Latin American countries (Mexico, Chile, Peru and Colombia). The FTAs concluded by the EU with Latin American countries differ considerably in terms of coverage and methodology depending on the time at which they were concluded and the context of the negotiations. The EU now aims to modernise the oldest FTAs, concluded with Mexico and Chile, in order to align them to the current standards of EU FTAs. The longstanding negotiations on a comprehensive trade agreement with Mercosur – which would mean the EU then had trade agreements with nearly all of Latin America – are yet to pick up pace, however
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