ABSTRACT
This chapter begins by focusing on the evolution of interregional relations from the viewpoint of comparative regionalism. It analyzes how this transformation affects the three traditional pillars of these relations: economic association, development aid, and political dialogue. Historical relations between Latin America and Europe are quite complex, insofar as they combine elements of continuity and change and are affected by regional and extra-regional variables that alter the power balance and the nature of alliances. At this juncture, the interregional dynamic of EU-Latin America relations is mostly determined by elements of change that reflect the uncertainties of a shifting international context. However, changes are taking place in the international sphere that favour the consolidation of interregionalism as a tool for multilevel governance through the creation of intermediary mechanisms which allow for partnerships of a variable geometry, capable of leading to a convergence in principles and norms.
