European companies have a long history of working together with the advanced economies in Latin America and the Caribbean. Europe’s Global Gateway initiative builds on the close ties between the two regions. It seeks to create a partnership where the public sector of Europe and Latin America and the Caribbean (like development banks and national export credit agencies) link up with the private sector, to generate business investments that can contribute to wealthier societies to the benefit of all. Global Gateway promotes the European values of good governance, transparency and sustainability to improve the lives of many.
The EU-LAC Global Gateway Investment Agenda (GGIA) is the roadmap of strategic priorities that the EU has chosen to invest in with its Latin American and Caribbean partners.
Global Gateway has an ambitious agenda including activities ranging from 5G extension to remote areas, green bonds, greener transport systems, clean hydrogen energy and better health infrastructures to scaling up joint research. It should result in smarter, cleaner and more secure links between the two regions.
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Global Gateway in Latin America and the Caribbean (52)
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The Team Europe Global Green Bond Initiative supports the development of green bond markets in partner countries. In 2023 technical assistance to Jamaica, Colombia and Costa Rica will begin.
- Global Gateway - areas of partnership
- Climate and energy
Support in meeting the energy-efficiency and greenhouse-gas targets of the International Maritime Organization.
- Global Gateway - areas of partnership
- Transport
Enhance the Amazon with quality digital connectivity to connect 4 million people in 4 years, bridging the digital gap and improving access to education and healthcare, while supporting rainforest preservation efforts.
- Global Gateway - areas of partnership
- Digital
Green Paraguay initiative aims to promote global climate action and the green transition in line with EU’s Green Deal. It builds connections for a greener economy to transit to a more sustainable and resilient economic model in Paraguay.
- Global Gateway - areas of partnership
- Climate and energy
In 2023 there will be energy dialogues with Argentina, Brazil and Chile. A Team Europe Initiative in Costa Rica on Green Recovery, Decarbonisation and Sustainable Urban Mobility will be launched. In Panama, the Energy Transition project will be launched.
- Global Gateway - areas of partnership
- Climate and energy
Financing the Metro line extension in Lima/Callao to enhance efficient local transport, reduce environmental pollution, provide 2.3 million residents with access to work, markets and services, and curb private transport growth.
- Global Gateway - areas of partnership
- Transport
Construction of new wastewater treatment plants and expansion of services to unconnected customers to modernise the water supply and sewage services in the State of Santa Catarina.
- Global Gateway - areas of partnership
- Health
This initiative will boost Latin America's manufacturing capacity, foster equitable access to safe and affordable health products, and strengthen health resilience in the region to tackle endemic and emerging diseases.
- Global Gateway - areas of partnership
- Health
Accelerate Colombia's goal of 85% internet connectivity by 2026 with Team Europe's support.
- Global Gateway - areas of partnership
- Digital
Development of capacities for overcoming rural hunger and extreme poverty.
- Global Gateway - areas of partnership
- Climate and energy