|Type of Agreement |
|Framework Cooperation Agreement between the European Economic Community and the Republics of Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama - Exchange of letters on maritime transport - Unilateral Declarations|
|Place of Signature|
|Date of Signature|
|Date of Entry Into Force|
|Objective of Agreement|
|To strengthen and diversify the cooperation in all areas of common interest, particularly the economic, financial, commercial, social, science and technology and environmental sectors, bearing in mind the lesser degree of development of the Central American countries and to promote the intensification and consolidation of the Central American Integration System.|
|Co-operation with Central America currently takes place in the context of this 1993 Framework Co-operation Agreement, pending the entry into force of the new EU-Central America Political Dialogue and Cooperation Agreement, pending the entry into force of the new EU-Central America Political Dialogue and Cooperation Agreement signed on 15 December 2003 in Rome.
Historically, this co-operation has focused on human rights and democracy, integrated rural development, disaster prevention and reconstruction, social development and regional integration.
The sub-region has traditionally received the largest share in both absolute and per capita terms of European Commission co-operation with the Latin American region. An average of €145 million per annum has been granted over the period from 1995-2001. In addition to economic, financial and technical co-operation, other major initiatives have included the Regional Programme for the Reconstruction of Central America (€250 million) following Hurricane Mitch plus €25 million for reconstruction in El Salvador, a programme of support for the BCIE for the development of small and medium-sized enterprises and poverty reduction measures (€120 million) plus considerable support for human rights and democracy, environmental conservation and food security, all of which are funded from specific budget lines. Since 1998, the EU has also provided some €58 million through ECHO in humanitarian aid to Central America (mainly Nicaragua, Guatemala, Honduras and El Salvador) in response to catastrophes such as Hurricane Mitch, the earthquakes in El Salvador and the drought.
The agreement provides that cooperation ties between the Community and Central America and this Agreement in its entirety shall be based on respect for democratic principles and human rights, which constitute an essential element ("third generation" agreement). A future developments clause allows for the inclusion of sectors not covered through a procedure established for that purpose.
|Parties to the Agreement|