The European Union’s attempts to strengthen ties with Latin America relate to a broader international strategy of demonstrating that it is a “global player” and attaining the image of a “civilian power.” Yet many observers suspect that European aid is simply instrumental to trade and investment promotion and other interests. They question whether the EU’s strong position as a donor in Latin America means that Latin America is strongly important to the EU. This article reviews the history, context, and latest trends in EU aid to Latin America, then looks at the prospects for a biregional partnership.