The potential for deeper integration between the Gulf Cooperation Council (GCC) and Latin America has significantly increased in light of recent global developments. The wars in Ukraine and Gaza have weakened the international system, diminishing the influence of international law and paralyzing key multilateral institutions such as the United Nations Security Council. This fragile geopolitical environment has also had a significant impact on economic relations, with multiple undeclared trade wars emerging between global powers like the United States, China, and the European Union.

US President Donald Trump’s economic nationalism, which included proposing high tariffs on Canada and Mexico along with restrictions on trade and investment, prompted many of America’s neighboring countries to seek alternative economic partners. This shift has contributed to the increasing interest in fostering economic ties between the GCC and Latin America, a process that began in 2005 but has achieved only limited success thus far.

Nearly two decades ago, connectivity between the GCC and Latin America was virtually nonexistent, with no direct air routes or shipping links and minimal trade or investment. However, this landscape has gradually evolved. Today, direct flights connect Gulf hubs with select Latin American cities, direct shipping has expanded, and two-way trade has surged eightfold to approximately $20 billion. Additionally, significant investment partnerships have begun to emerge.

Despite this progress, the full potential of integration between the two regions remains largely untapped. Combined, Latin America, the GCC, and the broader Arab world boast a gross domestic product approaching $10 trillion and a population exceeding one billion. These regions share historical and cultural connections, and numerous opportunities exist for strengthening partnerships politically, economically, and culturally.

Now is an opportune moment to........

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