The European Union is carving out a sphere of potentially vast influence in the Euro-Mediterranean basin, while also cultivating special relationship further south in the Arabian Peninsula. European ambitions do not directly challenge US security policy in the Middle East. Rather, they parallel US interests in the Caribbean Basin and Latin America: for a large regional free trade zone open to imports and foreign investment.
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Carapico, Sheila. "Euro-Med: European Ambitions in the Mediterranean."Middle East Report 220 31, no. 3 (2001): 24-28.