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Enterprise and Tourism Policy
Joint ventures with local operators from non-European countries
"European Communities Investment Partners (ECIP)"
Council Regulation EC 213/96 of 29 January 1996 on the implementation of the European Communities investment partners financial instrument for the countries of Latin America, Asia, the Mediterranean region and South Africa. OJ L28 of 6.2.1996.
As part of its economic cooperation with the countries of Latin America, Asia, the Mediterranean region and South Africa, the European Union shall operate, for the period 1995-1999, special cooperation schemes (European Communities Investment Partners) aimed at promoting mutually beneficial investment by Community operators, particularly in the form of joint ventures with local operators in the countries eligible including tripartite operations with other developing countries to promote regional integration.
Target Public / beneficiaries
Small and medium-sized enterprises in countries of Asia, Latin America, the Mediterranean region, South Africa (ALAMEDSA) and the European Union.
ECIP Financial institutions (FI) i.e. commercial, merchant or development banks, and investment promotion agencies.
The ECIP scheme shall run from 1995-1999.
Eligible measures / nature of activities
The ECIP will offer five kinds of financing facility:
Rural Dimension / example of action in rural milieu
Facility 3 handicrafts production (equity investment) joint venture in Thailand.
Nature and amount of financial support
The financial reference amount for the implementation of this programme, for the period 1995-1999, is MECU 250.
For type of ECIP finance and maximum amount of funding available for the facilities is as follows:
The ECIP is managed by the European Commission (Directorate General for External Relations DG I B/D/3) in a decentralised way though its network of ECIP financial institutions and investment promotion agencies.
Applications for financing under Facilities 2, 3 and 4 must be made though one of the financial institutions in the ECIP network.
Applications for Facility 1 and 1b may be made by the beneficiary organisation either directly to the EC of through an ECIP Financial Institution.
Information offices or complementary sources of information
date of publication: 01/98