Editorial Deutsche Welle
Latin America: part of the solution of the European crisis, says former commissioner of EU Foreign Relations, Benita Ferrero- Waldner.
Displaced by China and concentrated in few countries, the EU trade is losing ground in the region, ECLAC says. The EU, meanwhile, is in Latin America part of the solution to their crisis.
The European Union (EU) increasingly lose its influence in Latin America and will be displaced by China as second largest trading partner in the region in 2014, warned the Economic Commission for Latin America and the Caribbean (ECLAC). Larger issues
"We must renew the relationship between these blocks, extending to new areas as climate change," said the ECLAC Executive Secretary Alicia Bárcena during a seminar in Chile.
Barcena, who said that Latin America must learn from the EU on issues of equity and development, said that one of the problems of cooperation is that the mutual trade is concentrated in few countries.
More countries
In fact Latin America is currently running a trade surplus of over 1,400 million dollars with the EU, but reaching 1,000 million dollars only in South America.
The balance is the result of an increase of 100 percent of Latin American exports to the EU since 2000, during which Europe lost weight parallel trade in the region. In fact, the EU is no longer one of the three main trading partners in countries such as Chile, Argentina, Peru, Ecuador, Costa Rica and Bolivia.
"So we have to think like Eurolatina greater trade integration," Barcena raised. "There are also shared interests on the global financial system," he added.
"key global role"
Meanwhile, former European Commissioner for External Relations Benita Ferrero-Waldner, warned that the two regions account for one billion people, so it should play a key global role.
"And the European Union is still the leading trader in the world," said Ferrero-Waldner, who said at the same time that Latin America contains one third of the world's water resources and at least one quarter of the arable land.
"We are also complementary and Latin America today is part of the solution to the problem of regional crisis (European), concluded (dpa). Posted
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