Achieving strategic autonomy while preserving an open economy is a key objective of the European Union. The EU will develop new industrial alliances, including on the raw materials needed for the green recovery and for building more resilient industrial ecosystems.
The EU and Latin America have stated their shared interest in intensifying the cooperation along the extractive industries value chain, based on their complementarities, common objectives and shared values, in particular on sustainable and responsible mining and sourcing. The main instrument to boost this cooperation is the EU-Latin America Partnership on Raw Materials project. The project partners are the EU Member states and Argentina, Brazil, Chile, Colombia, Mexico, Peru and Uruguay.
The project aims to move one step further towards integrating strategic industrial value chains for both regions, exploring new business models and delivering value for society, while keeping high environmental and social standards at the core of this partnership.
This project brings together multiple stakeholders along the raw materials value chain, from the EU and Latin America, to deliver on a green and climate-neutral economy.