EU seeks to revive trade relations with Latin America.

The European Commission has unveiled a trade-oriented strategy to renew ties with Latin America ahead of July's EU summit with Latin American and Caribbean leaders, the first since 2015. The EU executive branch proposes scheduling more regular meetings of heads of state and government, plus a "permanent coordination mechanism" between the European Union and the Community of Latin American and Caribbean States. One of the strategy's main priorities is wrapping up a trade deal that should slowly phase out 90% of tariffs between the 27 EU member states and the Mercosur bloc: Argentina, Brazil, Paraguay, and Uruguay. However, the EU's single-track focus on trade risks failing to address burgeoning inequality in the region, according to an analysis from Oxfam.