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Tuesday, 11 June 2013

Somalia, now part of the Cotonou Agreement

The Federal Republic of Somalia officially entered the ACP-EU Partnership Agreement ("Cotonou Agreement"), was announced at the joint ACP- EU Council of Ministers held in Brussels on 6-7 June.
Somalia comes after 20 years of disaster and war. On February 2013, the Federal Republic of Somalia presented a request for observership and subsequent accession to the ACP-EU partnership.
The Irish Minister of State for Trade and Development, and co-chair of the joint Council, Mr. Joe Costello TD (representing the European Union) commented that the decision “opens a new chapter in relations between the EU and Somalia and constitutes a visible sign that Somalia has regained its status as a fully-fledged member of the international community.”

Until now, Somalia was not a signatory of the Cotonou Agreement, as it did not have the necessary functioning institutions to sign and ratify it. In this conditions, access to resources for development finance cooperation under the 10th European Development Fund (period 2008-2013) has been granted to Somalia by the ACP-EU Council of Ministers1 under article 93.6 of the ACP-EU Partnership Agreement, which provides with support that concerned especially institution-building and economic and social development activities.
The Cotonou Agreement was signed in Cotonou on 23 June and revised in Luxembourg on 25 June 2005. It is the most comprehensive partnership agreement between developing countries and the EU.

Source: ACP group