Explainers

Trade relations are currently governed by the 2000 EU-Mexico Economic Partnership, Political Coordination and Cooperation Agreement.

The EU and the US have the world's most extensive bilateral trade and investment relationship and work together to tackle global security challenges.

The EU is concerned about the situation in Venezuela and calls for full respect for human rights. It is providing humanitarian aid to help Venezuelans in need and has adopted sanctions to encourage democratic solutions.

The EU and the US have the biggest bilateral trade and investment relationship in the world. In 2024, transatlantic trade in goods and services reached over €1.68 trillion

The Global Gateway is the EU's strategy to mobilise public and private investment worldwide between 2021 and 2027.

The EU is Brazil's second-biggest trading partner after China, accounting for over 15% of its total trade. Brazil is the EU's tenth-biggest trading partner.

Two agreements frame EU-Mercosur relations within a modernised and comprehensive partnership, covering political dialogue and trade cooperation. The EU has also introduced specific rules to protect its farming sector.

The trade relationship connects over 700 million people across Europe and South America. The EU is currently working on adopting the EU-Mercosur trade agreement.

The EU is Chile’s third top trading partner. The top EU imports from Chile are base metals, vegetable products, mineral products.

The EU, Latin America and the Caribbean have a long-standing partnership, marked by strong historical, cultural and economic ties.