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Monday, 22 March 2010

EU and ACP states initial the revised Cotonou Partnership Agreement

The European Commission and the African Caraibean Pacific group of 79 States have concluded the second revision of the Cotonou Partnership Agreement. As a result of fruitful dialogue since mid-2009, ACP-EU cooperation will be adapted to today's challenges, such as climate change, food security, regional integration, State fragility and aid effectiveness. It also focuses on the importance of regional integration for ACP countries' economic and sustainable growth. This agreement will be reviewed every five years until 2020. European Commissioner for Development Andris Piebalgs said: "The Cotonou Partnership Agreement is our key instrument in the fight against poverty in the ACP States. The revised agreement promotes an open dialogue and a flexible and participatory approach to reduce and eventually eradicate poverty. It aims to foster regional integration, to address global challenges such as climate change and supports ACP countries to achieve the Millennium Development Goals. With this new agreement, the EU and ACP States are geared up to better deliver to the poor and to strengthen their political relations." The Cotonou Agreement is the most comprehensive partnership agreement between developing countries and the EU. Since 2000, it has been the framework for the EU's relations with 79 countries from Africa, the Caribbean and the Pacific (ACP). The first revision took place in 2005 and prepared the ground for the 2007-2013 financial framework of development assistance.

Source: European Commission