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 (57)
RSSThe project aims to consolidate, promote and transform the Renewable Energy Markets (REM) to achieve its full potential. Electricity integration would increase regional GDP by about 0.3%.
- Global Gateway - Areas of partnership
- Climate and energy
Establishment of a trade route between Mexico and the EU for energy and other products, contributing to diversification of EU’s energy providers, clean energy and strengthening of industrial chains.
- Global Gateway - Areas of partnership
- Transport
The project will provide: support to more than 100 joint ventures between EU and LAC companies until an investment-ready stage; support to increase digital innovation capacities and facilitate partnerships in areas where the EU has strong interest, expertise and state-of-the-art technology.
- Global Gateway - Areas of partnership
- Digital
The project aims at improving vaccine access by strengthening administrative capacity, modernising public policies and legislations as well as health financing. It also aims at harmonising regulations and scientific cooperation to boost local medicine/vaccine production and health system resilience
- Global Gateway - Areas of partnership
- Health
The Alliance creates a strategic framework to foster digital transformation and innovation. Actions include: extension of the Bella cable, establishment of 2 Copernicus regional centres in Panama and Chile, construction of new terrestrial cables and provision of WAN and Wifi access to 340 schools.
- Global Gateway - Areas of partnership
- Digital
Upgrading and extension of Metro Line 2 (additional 7.4 km, 5 new metro stops) to boost access to jobs and aid in meeting emission reduction goals.
- Global Gateway - Areas of partnership
- Transport
Planning, expansion, and operation of Lima International Airport, including a new midfield terminal, a second runway, and a tower.
- Global Gateway - Areas of partnership
- Transport
The project aims to develop forest based value chains including access to finance for bio-entrepreneurs and marketing of bio-economy value chains, and to promote trade of products with high environmental, climate and social quality.
- Global Gateway - Areas of partnership
- Climate and energy
The Team Europe Global Green Bond Initiative supports the development of green bond markets in partner countries to mobilise capital for financing the sustainable transition and increase and diversify access to finance.
- 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