EU seeks closer ties with Latin America and Caribbean as it turns away from China and Russia
- The EU-CELAC summit is the first high-level meeting between the regions in eight years, aiming to boost economic and political relations.
- The EU wants to reduce dependence on China and Russia and build partnerships with Latin America for trade, investment, and raw materials.
- The EU-Mercosur free trade agreement is stalled over concerns about deforestation and differing positions on Russia's invasion of Ukraine.
- The EU sees opportunities in Latin America's economic recovery after COVID-19 and its resources like energy, minerals, and agricultural products.
- Some critics say the EU's agreements could increase imports of climate-damaging products and contribute to environmental issues like deforestation.