Print

Wednesday, 24 May 2006

ACP-EU partnership agreement on financial assistance 2008-2013

The 2730th Council Meeting on Agriculture and Fisheries held in Brussels on 22 May 2006 adopted a decision on the position to be adopted by the Community within the ACPEU council of ministers concerning the financial framework for 2008-2013 to be provided for under the ACP-EU partnership agreement, so as to enable ministers to approve the new framework at a meeting in Papua New Guinea on 1-2 June. The joint decision to be adopted by the ACP-UE council of ministers will specify the total amount of EU financial assistance to ACP countries and its allocation between the different cooperation instruments provided for by the partnership agreement. The ACP-EU agreement states that the EU will maintain its aid effort to ACP countries at least at
the same level as that of the 9th EDF, but does not specify the exact period covered, the amount or the financing instrument (general budget of the EU or new EDF). Last December the European Council decided on the exact period to be covered (six years), the amount (EUR 22.68 billion) and the financing instrument (10th EDF).