SUMMIT OF THE AMERICAS: WHAT WAS AGREED?

On November 3, 2023, United States President Joe Biden met with leaders of Latin America and the Caribbean at the IX Summit of the Americas, held in Los Angeles, California. During the summit, the leaders agreed on a series of measures to promote regional cooperation in areas such as the economy, security and migration.

Economy

One of the priorities of the summit was to promote economic growth and investment in Latin America and the Caribbean. The leaders agreed to work together to promote regional integration, export diversification and attracting foreign investment.

Specifically, the leaders agreed:

Create a new Alliance for Economic Development and Integration (ADEI), which will focus on promoting economic growth and investment in Latin America and the Caribbean.
Strengthen the Inter-American Development Bank (IDB) and the Inter-American Investment Corporation (IIC) so that they can provide more financing to the countries of the region.
Promote regional integration through the Pacific Alliance and the Southern Common Market (MERCOSUR).

Security

The leaders also agreed to cooperate to address security challenges in the region, such as drug trafficking, organized crime and irregular migration.

Specifically, the leaders agreed:

Strengthen cooperation between security forces in the region to combat drug trafficking and organized crime.
Promote economic and social development to reduce the causes of irregular migration.
Protect the human rights of migrants.

Migration

Migration was a central theme of the summit, as the United States faces a rise in irregular migration from Latin America.

The leaders agreed to work together to address the causes of irregular migration, such as poverty, violence and climate change. They also agreed to create a new cooperation framework to manage irregular migration.

Specifically, the leaders agreed:

Invest in the economic and social development of Latin America and the Caribbean to reduce the causes of irregular migration.
Strengthen cooperation between countries in the region to manage irregular migration.
Protect the human rights of migrants.

Other agreements

In addition to the measures mentioned above, the leaders also agreed to:

Strengthen cooperation in the field of health, education and culture.
Promote democracy and human rights in the region.
Work together to address climate change.

The IX Summit of the Americas was an important step to strengthen regional cooperation in Latin America and the Caribbean. The agreements reached during the summit have the potential to promote economic growth, security and democracy in the region.

Analysis

The agreements reached during the IX Summit of the Americas are an important step to strengthen regional cooperation in Latin America and the Caribbean. However, its implementation will depend on the political will of the countries in the region.

In the economic sphere, the agreements represent an opportunity to promote growth and investment in the region. However, its success will depend on the ability of the countries in the region to implement structural reforms that make their economies more competitive.

In the field of security, the agreements represent a commitment to address the region's common challenges. However, its success will depend on the ability of the countries in the region to coordinate their efforts against drug trafficking, organized crime and irregular migration.

In the area of migration, the agreements represent a commitment to address the causes of irregular migration. However, its success will depend on the ability of countries in the region to invest in economic and social development and to guarantee the protection of the human rights of migrants.

In general, the agreements reached during the IX Summit of the Americas are a positive step to strengthen regional cooperation in Latin America and the Caribbean. However, their success will depend on the political will of the countries in the region to implement them.