Corruption is the main barrier to trade and investment between the European Union and Latin America, a survey showed.

Seventy eight percent of EU companies developing partnerships in Latin America said they suffered from graft.
The survey by Eurochambres, the association of European chambers of commerce, found the cost of transport and logistics, tariff levels, the legal and security environment, and non-tariff and customs procedures as the next biggest factors preventing a higher level of economic cooperation.
The survey, released on May 13, said corruption was reported particularly in the areas of customs and procedures affecting foreign investments and licences.