The overall objective of ELAN (Component 1) is to increase and diversify the European Union’s economic presence in Latin America. The rationale is that there is a strong demand for European know-how and innovative technologies in Latin America. Latin America can use European knowledge and investment to boost its SME sector as a precondition to achieve a more sustainable and equitable socio-economic development. At the same time, European SMEs face significant challenges when entering the Latin American markets in terms of unstable, non-transparent and complex regulatory frameworks. ELAN will support EU SMEs and EU business organisations in their efforts to gather required relevant information on doing business in the countries covered by the project and support advocacy activities.