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China, the EU and Latin America : current issues and future cooperation
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30 China theEUandLatinAmerica:CurrentIssuesandFutureCooperation associationagreementswiththerestofLatinAmericaandtosupportregional integrationprocesses.Alsoonthetableis moreintensedialogueonthe environment andamoreactiveroleoftheEuropeanInvestmentBankinsupport ofregionalinfrastructure.Itstatesthatsocialcohesionisa priorityarea of EULatinAmericanrelationsandcallsforthecreationofaEuroLatinAmerican Parliamentary Assembly laterapprovedatthe Viennabiregionalsummitin 2006 andanEULatinAmericahighereducationarea. TheCommunication adoptedin 2009 犜犺犲犈狌狉狅狆犲犪狀 犝狀犻狅狀 犪狀犱 犔犪狋犻狀 犃犿犲狉犻犮犪牶犌犾狅犫犪犾犘犾犪狔犲狉狊犻狀犘犪狉狋狀犲狉狊犺犻狆 whichcallsforamorefocusedpolitical dialogue concerningnotonlybiregionalissues butglobalones andforthe firsttimetheECstatesthataspecificdialoguecouldbeestablishedwiththe UnionofSouthAmericanNations UNASUR .Italsosuggestscomplementing EUsupportandcooperation withregionalgroupings aswellasastronger bilateralrelationshipwithcountriesintheregion.Newcooperationinstruments areenvisaged suchastheLatin AmericaInvestmentFacility LAIF .This initiative inspiredbytheNeighbourhoodInvestmentFacility NIF ), willpool grantresourcesfromtheCommunityandpossibleadditionalgrantsfromthe MemberStatesinordertofinanceinvestmentprojectsinthethreeareasof infrastructure socialcohesion and adaptation to climate change.A new instrumenthasalsobeenproposed namelyanEULatinAmericanFoundationto fostertheparticipationofcivilsociety academicactorsandmutualknowledge. 5.犚犲犵犻狅狀犪犾犆狅狅狆犲狉犪狋犻狅狀犪狀犱犛狌狆狆狅狉狋犳狅狉犐狀狋犲犵狉犪狋犻狅狀 犚犲犵犻狅狀犪犾犻狊犿犪狀犱犛狅犮犻犪犾 犆狅犺犲狊犻狅狀 TheEuropeanCommunityisoneofthefewsupportersofregionalcooperationin LatinAmericaandtheonlyoneinvolvedinbiregionalcooperation.Thebudget frameworkexclusivelyforregionalcooperationwithLatinAmericaduringthe period20022006amountedtoEUR264 millionforregionalprogrammes see Table1 .TheCommunityhasalsoestablishedtheEuropeanInvestmentBank EIB fundinglinesofEUR40millionfortheAndeanDevelopmentCorporation CAF ), and EUR 35 million withtheCentralAmerican BankforEconomic Integration BCIE .Regionalcooperation has beenlopsided because ofthe seriousandongoingproblemofdefiningacounterpart sincethereisnoLatin Americawideintegrationorganisation.ThustheEU hasoptedforregional programmesbasedonthematic networks andconsortialargely madeupof decentralisedstakeholdersthatpromote bottomup regionalisationratherthan formalisedandinstitutionalised topdown regionalism.