Latin American countries and the European Union in the WTO: Peculiarities of interaction

Russia - 5 July 2017

Trade topics: International Trading System, Trade Dispute Settlement Systems, Trade Facilitation

The European Union nowadays is a significant trade partner for the Latin America countries. The structure of trade between the EU and Latin America, on the one hand, explains the opportunities for strengthening the cooperation from the perspective of its complementary nature. On the other hand, there are some limitations on the diversification of their trade relations. Despite the fact that there is a number of disagreements that are reflected in the applied protectionist measures and initiated trade disputes, the EU and the Latin American region continue to develop trade relations. The slowdown in the WTO negotiations has led to an intensification of the integration processes between Europe and Latin America, including at the interregional level, which means both new opportunities and difficulties in strengthening the cooperation.