According to the model proposed by the EP, the bi-regional strategic partnership should lead ultimately to a genuine political and security partnership, the establishment of a Euro-Latin American free trade area by 2010 (or failing that as near as possible to that date), and a partnership worthy of the name in the social field and in the spheres of knowledge and joint action to bring about sustainable development.
According to the model proposed by the EP, the bi-regional strategic partnership should lead ultimately to a genuine political and security partnership, the establishment of a Euro-Latin American free trade area by 2010 (or failing that as near as possible to that date), and a partnership worthy of the name in the social field and in the spheres of knowledge and joint action to bring about sustainable development.