European Union-Latin America and the Caribbean Business Round Table
The European Commission, CAF -development bank of Latin America and the Caribbean- and the Inter-American Development Bank (IDB) will jointly organize a Business Roundtable in Brussels before the EU-CELAC Summit of Heads of State and Government.
The EU-LAC Business Roundtable will be a high-level event that will be organized in the Berlaymont Building, the headquarters of the European Commission.
Event date:
July 17, 2023
In person
The event will consist of an opening session, seven thematic round tables, and concluding remarks (see the preliminary program below). In addition, the co-organizers will facilitate bilateral meetings alongside the program to ensure productive dialogue.
The EU-LAC Business Round Table will bring together political leaders, business CEOs, heads of development financing institutions, and industry associations to review the key strands of the Global Gateway Investment Agenda. Participants will explore opportunities for investments in, amongst others, renewable energy and green hydrogen, critical raw materials, decarbonization, transport infrastructure projects, 5G and last-kilometer connectivity, digitalization for public services, and sustainable finance and green bonds.
The Round Tables will also feature a close look into barriers to investments and regulatory frameworks, as well as a cross-sector view from the lens of education and skills, job creation, value chains, social impact and inequalities, and vocational training.
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Date: July 17, 2023
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Time: 8:30 a.m. (Brussels time)The opening and closing words will be live-streamed on this site
Opening Remarks:
Opportunities for bi-regional collaboration from the perspective of the European Commission, the EU, and the development banks of the LAC regions.
• Ursula von der Leyen, President, European Commission
• Luiz Inácio Lula da Silva, President, Brazil
• Pedro Sánchez, President of the Government of Spain
• Ilan Goldfajn, President, Inter-American Development Bank
• Sergio Díaz-Granados, Executive President, CAF -development bank of Latin America and the Caribbean-
Closing Remarks:
Key takeaways of the Round Tables and closing remarks by EU & LAC high-level representatives.
• Jutta Urpilainen, European Commissioner for International Partnerships, European Commission
• Alicia Bárcena, Minister of Foreign Affairs of Mexico [TBC]
• Werner Hoyer, President, European Investment Bank
Meet each of the round tables and their participants
The relationship between the EU and Latin America and the Caribbean
The EU and LAC have strong trade and investment ties. The EU has concluded association, free trade, or political cooperation agreements with 27 of the 33 countries in the region and is the largest source of foreign direct investment in LAC – totaling 45% of LAC FDI inflows during 2015-2019 and 36% in 2021.
Bilateral trade between the two regions grew by 18% between 2008 and 2021. EU exports to LAC averaged € 116 billion in the last decade, 2% of its global exports, while LAC exports to the EU averaged € 98 billion in the same period, about 10% of the region’s global exports. Despite these figures, most of the recent trade growth was concentrated in the 2008-2013 period and in Mexico, Ecuador, and Peru, while other countries’ trade stagnated or fell.
