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  Félix Peña

INTERNATIONAL TRADE RELATIONS NEWSLETTER
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INTERNATIONAL COOPERATION BETWEEN THE COUNTRIES OF THE SOUTH ATLANTIC

por Félix Peña
April 2024


 

In 2023, the Real Instituto Elcano published a report entitled "Why Latin America Matters". We referred to this report in our July 2023 newsletter.

This report presented concrete proposals with the aim of contributing to the strategic relations between countries of the Latin American and European regions.


The South Atlantic is one of the regional areas of the global international system that requires rules whose validity and effectiveness guarantee the predominance of peace and stability in the relations between the countries that make up or affect it.
It is a predominance that, as in any other regional space in the world, is vulnerable to the development of factors that can lead to tendencies towards confrontation and even war.

This is an area that has been very important in the development of relations between the countries belonging to the region itself and between countries that have played, and in many ways continue to play, a significant role in regional stability and development. This is the case of the United Kingdom, Spain, Portugal and France, to name but a few of the most relevant, and of course the United States and Canada.

In this regard, a prestigious Spanish institution, the Real Instituto Elcano, published a report last year entitled "Why Latin America Matters", which makes concrete proposals that can contribute to advance the strategic relationship between the European and Latin American regions. (See the July 2023 issue of our newsletter "A practical contribution to the strategic relations between the European Union and Latin America", in which we presented some ideas that we believe are still valid today. See also the mentioned report by the Real Instituto Elcano on www.realinstitutoelcano.org, and the article by one of its authors, Carlos Malamud, published under the same title in the section El Observador of the newspaper Perfil of July 9, 2023).

The report by the Real Instituto Elcano raises an idea that deserves attention: the need to consider the creation of an EU-Latin America Trade and Technology Council (EU-LAC TTC). Sound arguments are put forward for the functions that such a Council could perform. It is suggested that it should be conceived as a high-level bilateral forum and, as such, as an optimal starting point and unique platform for organizing bilateral relations between the two regions, including the search for strategic agreements to face global challenges.

It is noted that a similar Council already exists between the European Union and the United States. Moreover, the report adds that an EU-LAC TCA would mark an important milestone in the relations between the EU and our own region, taking them to a higher and more complex level, and thus deepening existing commitments (see www.relalinstitutoelcano.org).

The possibility of creating a space for cooperation between those countries that have an impact on the South Atlantic region can be facilitated by the presence of three relevant factors.

These factors are: first, that it can be considered a "zone of peace" in terms of nuclear armament; second, that it exhibits multiple diversities, and third, that it is endowed with valuable natural and cultural resources.

Perhaps the time has come to also consider the initiative to explore the creation and implementation of rules that would guarantee a peaceful relation between some of the nations with interests linked to the South Atlantic.

This is certainly the case with the need to create the conditions to make the Malvinas Islands the epicenter of one of the experiences of peace and political stability in the area.

A concrete initiative like that of the Real Instituto Elcano could be part of such an effort for peace in the South Atlantic. Together with other possible ideas, it could contribute to the creation of a zone of peace in a region that has shown a tendency towards conflict and even war.


Recommended reading:


  • EAF, editors, "Avoiding the awful consequences of breakdown in the US-China relationship", April 1, 2024 (https: IIdoc.org/15.59425/eabc.1711958400.
  • Murphy, Eric, "The Indo-Pacific Economic Framework Uncertain Future", East Asia Forum, March 24, 2024, www.eastasiaforum.org.
  • Peña, Félix, "Una idea útil para potenciar el trabajo en conjunto de los socios del Mercosur", Foreign Trade Supplement, Newspaper La Nación, March 28, 2024.
  • Terasawa, Mei; Tubersghien, Ives, East Asia Forum, "Asia ground zero in the revolution of electric vehicle markets", East Asia Forum, March 19, 2024, www.eastasiaforum.org.

Félix Peña es Director del Instituto de Comercio Internacional de la Fundación ICBC; Director de la Maestría en Relaciones Comerciales Internacionales de la Universidad Nacional de Tres de Febrero (UNTREF); Miembro del Comité Ejecutivo del Consejo Argentino para las Relaciones Internacionales (CARI). Miembro del Brains Trust del Evian Group. Ampliar trayectoria.

http://www.felixpena.com.ar | info@felixpena.com.ar


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