| Summary Issue 02 / 2004 Mario E. Carranza: Leaving the Backyard: Latin America's European Option |
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| European-Latin American relations
must be put in a triangular perspective, due to the central role played
by the United States in the foreign relations of both regions. US policy toward Latin America has consistently pursued two objectives:
In a second scenario, instead of actively working to reduce the asymmetries in economic development, the United States and Western Europe would strengthen a "North-North" axis of economic, political, and military cooperation in order to "manage" Latin American problems, narrowly defined as "security" problems. However, Europe's identity as a civilian power, recent political differences between the US and Europe, and the new assertiveness of Latin America make this scenario implausible. Third, successful conclusion of an EU-Mercosur free trade agreement might lead to a strategic partnership between the two trading blocs, or between the EU and a projected South American Free Trade Area (SAFTA). However, the highly indebted countries of Latin America still have to rely on US support. Furthermore, the EU-Mercosur free trade agreement is hampered by the row over agricultural subsidies. Ultimately, a Mercosur-EU strategic partnership will depend on the political determination of both sides, as well as US actions (such as unilateral military intervention) that might draw the EU and Mercosur closer together. The creation of an EU-Mercosur trade pact before the completion of the FTAA would challenge US hegemony in the Western Hemisphere and allow the European Union, Mercosur and other Latin American countries to balance US influence. In addition, a strategic partnership between Europe and Latin America may build on 500 years of common history and strong cultural ties. The shared commitment to multilateralism, the United Nations, and respect for international law provide a further basis for intensified cooperation. |
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