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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

June 29, 2023

What Do Europe & Latin America Need From Each Other?

During her trip to Latin America this month, European Commission President Ursula von der Leyen met with leaders including Brazilian President Luiz Inácio Lula da Silva. // Photo: @vonderleyen via Twitter.

Q

  • European Commission President Ursula von der Leyen earlier this month visited Latin America to bolster political and economic ties with the region. The trip included meetings between Von der Leyen and the presidents of Brazil, Argentina, Chile and Mexico. E.U. foreign policy chief Josep Borrell previously said the partnerships had been “taken for granted, or even neglected.” In July, Brussels will host a summit with more than 30 leaders from Latin America and the Caribbean to further strengthen relations. What did Von der Leyen accomplish on her trip to the region, and what were the most important issues under discussion? What kind of political and economic cooperation could develop, and how would it benefit both parties?

A

Nicolás Mariscal, member of the Advisor board and chairman of Grupo Marhnos in Mexico City: “The European Union has innumerable problems: the Ukrainian conflict, vast migration and a technical recession are just some of them. That is why it was positive news that Ursula von der Leyen came to Latin America and that Mexico was among the countries she visited. The last European Commission president to visit the region was José Manuel Barroso — 11 years ago. The question arises: what drove Von der Leyen to make such a visit? There are several reasons: the climate change agenda is one, the growing clout of China is another and the assurance of minerals that are critical for the energy transition is yet another. According to some estimates, Mexico could have 1.7 million tons of lithium, around 2 percent of the mineral’s total in the planet. That, without a doubt, makes Mexico an…”

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ABOUT THE LATIN AMERICA ADVISOR

The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
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Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
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Donna Hrinak
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Jon E. Huenemann
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GLG Inc.

James R. Jones
Chairman,
Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
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Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
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