In Uruguay representatives of the Latin American Economic System (SELA) have agreed on collective bargaining with the European Economic Community (ECC) to strengthen their hand in trade and financial negotiations.
In Uruguay representatives of the Latin American Economic System (SELA) have agreed on collective bargaining with the European Economic Community (ECC) to strengthen their hand in trade and financial negotiations. But the opening session on Monday (20 November) made little progress. A number of representatives from member countries had not arrived and proceedings came to an early close when some delegates were unwilling to discuss relations with the EEC.
SYNOPSIS: The five-day conference opened at the St. Raphael Hotel with an address from the secretary general of SELA, Senor Jaime Moncayo.
SELA was formed three years ago by twenty-five Latin American and Caribbean countries, and aims to improve economic and social co-operation in the area. It is the first time members have gathered to discuss a joint policy towards the EEC, although negotiations are also taking place at the Community headquarters in Brussels.
The Brussels talks have centred on declining trade and investment between the two groups. Latin America's traditional trade surplus with the EEC has narrowed in recent years, causing many countries to seek foreign loans to finance development project.
No delegates were present from a number of countries. Senor Moncayo's address urged delegates to formulate a common strategy towards the EEC. The main topic on the day's agenda was 'regional links with the EEC', but many delegates were reportedly unwilling to talk on the subject and the meeting ended earlier than planned.