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Wednesday, 02 June 2010

Creation of the EU-LAC Foundation

On 18 May, in Madrid during the VI EU-Latin America and the Caribbean Summit, Heads of State and Government will announce the creation of the European Union-Latin America and Caribbean (EU-LAC) Foundation. The European Commission is contributing to the Foundation with €3 million euros up to 2013.The EU-LAC Foundation will contribute to the strengthening of the EU-LAC bi-regional partnership process involving participation and inputs of civil society and other social actors to encourage further mutual knowledge, understanding and visibility between both regions. Launching activities and fostering new networking opportunities among civil society actors will be the basis of the Foundation's tasks. This new institution will be financially supported by EU-LAC countries and the European Commission. During the V EU-LAC Summit in Lima, it was decided “to consider the creation of an EU-LAC Foundation conceived as a trigger for debate on common strategies and actions aimed at strengthening our bi-regional partnership as well as enhancing its visibility”. With this view, leaders set up an Open Bi-Regional Working Group to discuss and agree on a proposal for the Foundation.

Source: DG Relex