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Latin and Central America

The EU is a leading trading partner and source of development aid to Latin and Central America. Taking 20% of the region's exports, it has trade and economic cooperation agreements with several Latin and Central American countries and has instituted political dialogues to promote democracy, peace and economic development in Central and South America.

A "Global Agreement" for economic partnership and political coordination was signed with Mexico in December 1997, and an EU-Mexico free trade agreement is being negotiated.

In June 1999, the first Rio Summit brought together leaders from the EU, Latin America and the Caribbean for the creation of a new political dialogue, strengthening of economic and trade ties, and cooperation on cultural, education, and human rights issues within Latin America and the Caribbean.