Since 1974, 17 EU-Latin American Parliamentary summits have taken place between the European Parliament and the Latin American Parliament (Parlatino), the Andean Parliament (Parlandino), the Central American Parliament (Parlacen) and the Mercosur Parliamentary Committee (Parlasur).
In this context, the establishment of a Euro-Latin American Parliamentary Assembly is long-standing aspiration on the part of the EP and the various Latin American Chambers representing a step forward in relations between the regions.
The Assembly is a forum for parliamentary debate, control and review of all questions relating to the Bi-regional European Union – Latin America and Caribbean Strategic Partnership, as the parliamentary institution of that Partnership and in line with the EuroLat Constituent Act.
EuroLat's main objectives are to support, promote and consolidate in practical terms the Bi-regional Strategic Partnership by covering its three main concerns, namely
(a) questions relating to democracy, external policy, governance, integration, peace and human rights;
(b) economic, financial and commercial affairs;
(c) social affairs, human exchange, the environment, education and culture.