“…Regarding institutional relations between the European Union and Latin America, reference should also be made to the "signing of the Interregional Agreement between the EU and Mercosur, with the aim of covering trade and economic issues, cooperation on integration and other areas of mutual interest, in order to strengthen relations between the two regions" (Santos, 2014: 24) 10 . However, and according to Diz and Luquini (2011), there has not been a great evolution in the integration of these two spaces, and over the past two decades there were some advances, but numerous obstacles to the process were also raised. However, and more recently, the European Union and Mercosur signed a new agreement on 28 June 2019, which could lead to deeper economic integration between these two spaces, that is, as reported, "today they reached a political agreement with a view to an ambitious, balanced and comprehensive trade 9 XXVI Summits (Cumbres) have been held so far, and the Ibero-American Cooperation Secretariat was established at the IX Summit in Havana, Cuba in 1999 (SECIB).…”