Latin America and EU trade summit falls short of expectations

German Chancellor Angela Merkel won deals at the summit (photo:dpa)
German Chancellor Angela Merkel won deals at the summit (photo:dpa)

Economies in the European Union are struggling, while many in Latin America are booming. But at a summit of EU and Latin American states in Chile in January 2013, a number of key European heads, including the UK and France, failed to turn up, and the Latin American delegation appeared riven with internal divisions. There is a desire for more trade between the two regions, but progress looks set to be slow

THERE were high hopes for the first bi-regional summit between Latin American and Caribbean countries and the European Union because, after the US, the EU is the region's second largest trading partner - in spite of Europe's economic crisis.

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