Free trade agreements (FTAs) between the European Union and Latin America and Caribbean (LAC) countries constitute a pivotal framework of bi-regional relations with multidimensional impacts, shaping political, economic, and social ties between the regions. Hamburg is a significant hub for trade with LAC nations for Germany and a large part of Europe, and has traditionally had and will continue to play a crucial role in fostering and strengthening these ties. Given the growing demand for industrial commodities, especially as a result of digitalisation, and the need for diversified supply chains, Latin America offers Hamburg's foreign trade sector myriad opportunities to consolidate and expand traditionally strong trade relations.
A number of FTAs between EU and LAC have been concluded over the past 20 years and have significantly reduced trade barriers. These include, among others, the bilateral agreements with Mexico, Chile, Central America and the Andean countries. On the basis of these agreements, the economic relationships between the EU and Latin America should be further expanded, potentially through additional or modernised trade agreements.
Therefore, the EU-LAC Foundation, together with the Ministry of Economy and Innovation of the Free and Hanseatic City of Hamburg organises a discussion event in order to facilitate dialogue and collaboration between governmental, business, and civil society actors from both regions. The objective of the seminar is to provide a platform for experts, researchers, and other stakeholders to discuss and explore the opportunities presented by the FTAs between the EU and LAC for Hamburg and regional companies.
The discussion will focus on the following topics:
1. Since their entry into force, how can the FTAs be evaluated in terms of trade relations and investment?
2. How can these FTAs contribute to favour digitalisation, social and political inclusion, as well as ecological transition?
3. How can existing and new FTAs strengthen business relations by addressing emerging challenges and opportunities in global trades?
Save the date and register here to participate in person or here to join the webinar via zoom.