EU, Latin America to agree to better trade ties -summit draft

SANTIAGO Fri Jan 25, 2013 11:16am EST

SANTIAGO Jan 25 (Reuters) - EU and Latin American leaders at a summit this weekend will commit to avoiding protectionist policies and ensure a better environment for business, according to a draft of the summit's final statement, signalling potentially warmer trade ties.

"We firmly reject all coercive measures of unilateral character that are contrary to international law and the commonly accepted rules of free trade," the leaders meeting on Jan. 26-27 will say, according to the draft seen by Reuters.

"We agree this type of practice poses a serious threat to multilateralism," the draft said.