Tuesday, 02 January 2024 12:17 GMT

Beyond Speeches: Latin America And Europe Wire Up Real Cooperation


(MENAFN- The Rio Times) Leaders from Latin America, the Caribbean, and the European Union used their Santa Marta gathering to push a simple idea: make it easier to trade, move data, and do research across the Atlantic.

The result was a 52-point declaration that swaps grand speeches for deliverables-more open market access, shared digital infrastructure, and a rules-first approach built around the UN Charter.

Here's the story behind the stagecraft. Attendance was leaner than in past years, but the agenda was tighter. Both sides want reliability after a decade of supply-chain shocks and bruising politics.

Europe is looking for dependable partners on energy transition and critical minerals; Latin American governments want investment, technology, and export growth without the usual bureaucratic detours. That overlap created enough room for deals that matter in daily life.

The most concrete piece is the digital“bridge.” The existing BELLA subsea cable, which already connects tens of millions on both continents, is set to extend in 2026 toward Central America, Peru, and the Caribbean-good news for universities, telemedicine, fintech, and public services that live or die by latency.



A new EU –LAC supercomputing network will tie researchers together on climate, health, and AI projects. These are boring-sounding pipes with real-world payoffs: faster collaboration, cheaper cloud, and less dependency on any single route or vendor.

Trade is the second plank. The two regions point to a decade of strong growth in goods and services flows and want to push further with broader free-trade coverage.

The emphasis is on predictable rules and private-sector dynamism rather than headline-grabbing experiments that strain budgets and spook investors.

Energy, food security, migration management, and digital standards round out the areas where cooperation can move fastest.

Uruguay takes the rotating CELAC chair in April 2026, and Brussels is slated to host the next summit in 2027-markers meant to keep momentum visible.

For expats and foreign operators, the takeaways are practical: cheaper and faster connectivity, clearer standards, sturdier logistics, and wider customer bases on both shores.

Less posturing, more wiring. If the timelines hold, the benefits will show up first on your balance sheet and your bandwidth, not in a press release.

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The Rio Times

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