Eight ultra-peripheral regions: eight jewels in the EU’s crown
Commissioner Hahn attended the Conference of Presidents of Ultra-peripheral Regions (chaired by Regional Council President Serge Letchimy) in Martinique (France) on 3 and 4 November and outlined the Commission’s recent cohesion policy 2014-2020 proposals.
The new legislative package takes account of the special circumstances of ultra-peripheral regions, as recognised in the Treaty on the Functioning of the European Union (TFEU):
- the specific allocation to compensate for additional costs due to their insularity is to be maintained;
- ultra-peripheral regions will continue to benefit from Community co-financing of up to 85%;
- they will also receive a larger envelope of the European Regional Development Fund (ERDF) for territorial cooperation (up from EUR 150 million to 275 million).
The European Commission is in the process of planning a new strategy for the ultra-peripheral regions, to be adopted in 2012, which will make the most of their numerous advantages.
The European Union has 8 ultra-peripheral regions: five French overseas departments (Réunion, Guadeloupe, French Guiana, Saint-Martin and Martinique), two Portuguese autonomous regions (Azores and Madeira) and one Spanish autonomous community (Canary Islands).