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The paper analyzes the European Union's global role as a main international actor on the basis of the components of power, the dimensions of global governance and its prospects as a regional project to manage to have a reading of their participation in the future international system. Within these future prospects, the role of the soft power of the EU will be highlighted as a civilian and normative power in global governance with new actors, interests and divergent values. This work is based on the hypothesis that the relational shift of power in international society is causing geopolitical and geo-economic dynamics conflicting with approaches to an effective multilateralism. Then the paper tries to answer or at least tries to shed some light on questions such as: Can the EU maintain its relevance as an international player in this changing world? Will it maintain relevance in their values and interests as a regional project? Should European international advocacy strategy be based simply on the field of soft power and effective multilateralism? [ABSTRACT FROM AUTHOR]

The paper analyzes the changes occurred since the VI EU-LAC Summit, in Madrid in May 2010, on the relationship between the European Union and Latin America. A change continued with the Celac-EU Summit, held in January 2013, which presents evidence of bi-regional strategy and the full import of the most significant commitments to build that relationship: regional integration and social cohesion. Latin America and the European Union should strengthen their bond and extrapolate on other institutions and settings of the current post-Cold War geopolitical order. A scenario where they share views and concerns and whose response, in any case, must come from a joint position and shared perspective. [ABSTRACT FROM AUTHOR]