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The EU is the biggest foreign investor in Latin America, Federica Mogherini said in Brussels, Wednesday. Speaking at the EU-CELAC Business Summit, Mogherini added that with over €500 billion ($565 billion) European investments in Latin America are exceeding European investments in Russia, China and India together. She noted that investments in Latin America and the Caribbean are continuing despite the consequences of 2008's financial crisis, and even helped remedy it. "European investors arrived there to stay," Mogherini concluded. The EU-CELAC Business Summit is aimed at enhancing investment and business cooperation between the EU and the Community of Latin American and Caribbean States. This year's gathering runs under the slogan 'Europe, Latin America and the Caribbean: Promoting inclusive and sustainable growth by enhancing the role of Small and Medium Sized Enterprises'.
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