It is supported by an initial contribution of €145 million from Team Europe, including €50 million from the EU budget to boost digital cooperation between both regions.
Margrethe Vestager, Executive Vice-President for a Europe Fit for the Digital Age said:
We want to strengthen our common work on crucial digital areas. We want to boost secure links with Latin America and Caribbean partners. Together, we will promote our vision for an inclusive, sustainable and human-centric digital transformation. This builds on the EU digital rights and principles and the eLAC Digital Agenda 2024.