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Recent economic, political and social changes and the accelerated digital revolution, along with the 2030 Agenda for Sustainable Development and the Sustainable Development Goals, are the new backdrop for the review of cooperation between the members of the Community of Latin American and Caribbean States (CELAC) and the European Union. The end goal is renewed and dynamic collaboration based on multilateralism, which goes beyond trade integration and strengthens the shared vision and values of both regions.This document is a joint effort of the Economic Commission for Latin America and the Caribbean (ECLAC), the European Union and the European Union-Latin America and the Caribbean Foundation (EULAC Foundation), which identifies many areas in which cooperation is crucial, especially for economies experiencing “development in transition”. It examines factors that drive investment and the development of real production integration, encourage technology transfer and innovation, favour the inclusion of micro, small and medium enterprises, and improve States’ responsiveness to citizens’ demands. In short, it aims to outline the path to progressive structural change with stronger productivity, more and better jobs, and higher wages. In other words, to establish cooperation that helps to build more modern, productive and inclusive societies. Foreword .-- I. Latin America and the Caribbean and the European Union in the new global context .-- II. An economic, social and environmental overview .-- III. The keys to more inclusive production development: the role of knowledge and digitalization .-- IV. Trade and production integration between the European Union (EU) and Latin American and the Caribbean .-- V. Micro-, small and medium-sized enterprises (MSMEs): key actors for development .-- VI. New institutions to carry forward the development process in Latin America and the Caribbean .-- VII. Opportunities for cooperation between the European Union and Latin America and the Caribbean.
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