Published On: Mon, Jan 28th, 2013

European & Latin American Cooperation: Opportunities for Dutch Caribbean

WILLEMSTAD – Dutch Caribbean Business. The 1st EU-CELAC Summit / 7th EU-LAC Summit of Heads of State and Government took place in Santiago (Chile) on 26 and 27 January, 2013. The summit was a meeting of all EU, Latin American and Caribbean countries dedicated to investing in sustainable development. In attendance: Dutch Minister of Foreign Affairs "Frans" Timmermans representing the Netherlands.

Minister Timmermans declared that both the European and the Latin American continents need eachother. This need to cooperate offers opportunities for the Caribbean countries Aruba, Curaçao and Sint Maarten within the Kingdom of theNetherlands. Furthermore, the Netherlands are a direct neighbor of Latin America via Bonaire, Saba and Sint Eustatius.

This circumstance provides additional access to the continent

Together, Latin American economies represent 13 percent of global GDP. Netherlands is in the top 3 export destinations for countries in this region. The total imports from Latin America amounted to 12.7 billion Euros, the total exports 6.4 billion. EU is the largest regional trading bloc in the world and by far the largest investor inLatin America. Of all EU countries, the Netherlands is the largest investor.

“The rising geopolitical influence and economic growth in Latin America provides political and economic opportunities for both the EU and the Netherlands”, said Minister Timmermans. “The EU and Latin America share common values and fundamental freedoms, democracy and the rule of law. Both continents should work together to promote human rights internationally. We must also work together on international peace and security”.

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