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Summary of Treaty


GENERAL DATA
Official Title Interregional Framework Cooperation Agreement between the European Community and its Member States, of the one part, and the Southern Common Market and its Party States, of the other part - Joint Declaration on political dialogue between the European Union and Mercosur
Type of Agreement Multilateral
Place of Signature Madrid
Date of Signature 15/12/1995
Date of Entry Into Force 01/07/1999
Duration Indefinite
Agreement Suspension Justification  
Objective of Agreement

The objective of the Agreement is to strengthen existing relations between the Parties and to prepare the conditions enabling the creation of an interregional association which will cover trade and economic matters, cooperation regarding integration and other fields of mutual interest in order to bring about closer relations between the Parties and their respective institutions.

Remarks

Having concluded bilateral agreements with Brazil, Paraguay, Uruguay and Argentina, the European Community decided to concluded an Interregional Framework Agreement with Mercosur. On 12 June 1995 the Council authorized the Commission to open negotiations with Mercosur. The Agreement with Mercosur does not alter undertakings made in the bilateral agreements already in force.
The Interregional Agreement is designed to strengthen existing relations between the two entities on the basis of reciprocity and community of interests with the prospect of future establishment of an interregional free trade association of an economic and political nature. Respect for democratic principles and human rights constitute its essential element. The sectors of cooperation include: trade, standards, customs, statistics and intellectual property; economic cooperation, with the emphasis on industrial, energy, scientific and technological cooperation, telecommunications, the environment and investment promotion. It provides the framework for strengthening integration and interinstitutional cooperation to embrace cultural activities, information and the fight against drug trafficking. The Agreement includes a future developments clause is in Article 23.
The Agreement in the form of an exchange of letters between the European Community and Mercosur establishes conditions for provisional application of the trade aspects of the Framework Agreement and the advance functioning of the Joint Cooperation Committee.

OJ Reference L69, 19/03/1996, p. 4
Nature of Agreement Interregional Framework Cooperation Agreement
Depositary Council of the European Union
Contracting Parties European Community, Argentina, Austria, Belgium, Brazil, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Mercado ComĂșn Suramericano, Netherlands, Paraguay, Portugal, Spain, Sweden, United Kingdom, Uruguay
Authentic Texts Danish, Dutch, English, Finnish, French, German, Greek, Italian, Portuguese, Spanish, Swedish
Subject Matters External Relations
Clause(s)
Duration (Conditions) Article 34 Agreement
Entry into force conditions Article 34 Agreement
Evolutionary clause Article 23 Agreement
Human rights Article 1 Agreement
Human rights - Suspension Article 35 Agreement
Territorial application Article 33 Agreement
Management Joint Subcommittee on Trade
Joint Cooperation Committee
Cooperation Council
EU PARTICIPATION
Date of Signature 15/12/1995
Conclusion Date 22/03/1999
Ratification Status NOT
Conclusion Decision Council Decision of 22 March 1999 concerning the conclusion, on behalf of the European Community, of the interregional framework cooperation agreement between the European Community and its Member States, of the one part, and the Southern Common Market and its Party States, of the other part; OJ L112 of 29/04/1999, p.65
Date of Entry Into Force 01/07/1999
Reserves A declaration of EU competence exists for this treaty. To consult the text click on "to load all the summary data of the treaty".
Competence Mixed
Financial Provision of Agreement  
Legal Basis Treaty EC: Article 113, 130y
General Comments

Framework Agreement ; Comprehensive Agreement




Last Update :   29/07/2014