The Cotonou agreement is an explanation for the security of the special relationship and/or the special rules between the European union and the AKP states and regulates special tariff conditions. The agreement came into force as a successor of the agreement - which on 29 February 2000 ran out - on 23 June 2000. It outlines the intergovernmental relationship of the signatory states within the range development assistance, trade, investment and human rights.
The contract was signed in June 2000 in Benin. In contrast to the forerunner, the agreement, it treats also human rights and government. 77 signature states signed the agreement, which stepped 2002 into force.
The agreement plans, the university-lateral commercial preferences, which plan the European Union contracts under the agreement with the AKP states, with economic partnership agreements (so-called Economic Partnership Agreements (EPAs)) to replace, which plan reciprocal obligations. In accordance with the present Treaty the European Union the AKP exports does not only give free entrance to its markets, but AKP states will have to make their own markets for European Union exports freely accessible. Apart from reciprocity also the deviation applies in the Cotonou agreement, whereby to few developed countries are differently treated than the better developed.
The financing of the measures essentially comes from the European Entwicklungsfonds (EEF) and via loans of the European Investitionsbank. Germany is with approximately 23 per cent the second largest contribution payer to the EEF to France.
With the signing of the present agreement one continues in the meantime more than 25 - year old tradition of co-operation and partnership between the EEC and countries of the third world, at whose beginning 1963 the agreement. On multilateral basis at that time the EEC with means from the European Entwicklungsfonds supported projects particularly in Africa, mainly in the former French and Belgian colonies. After the entry of Great Britain to the EEC 1975 in the several times renewed agreement former British colonies in Africa became later, in which Karibik included and in the Pacific into development co-operation. In the future three further signed agreements guaranteed the AKP states commercial preferences, facilitated their entrance to the Common Market and/or domestic market and introduced a stabilization of prices mechanism for certain products, a whose goal was it to secure the export incomes. Between 1975 and 2000 the European Entwicklungsfonds put means to the AKP states at a value of 40 billion EUR at the disposal.
After the end of the east west contrast and before the background of the definition of new World Trade Organization commercial regulations, the forthcoming entry of new members to the European Union, the emergence of a GASP of the European Union to lock the consequences of the globalization process and the fact that the economic progress in most developing countries stayed far behind original expectations, the EEC and the AKP agreed upon states to extend up to the year 2000 valid iv-agreements no longer but a completely revised partnership agreement.
With resolution from 29 June 1998 the advice had given the commission authorized to the admission of negotiations with the AKP states regarding the conclusion of a partnership agreement as follow-up agreement to and the appropriate negotiation directives.
On 30 September 1998 under Austrian European Union presidency opened AKP EUROPEAN UNION negotiations for a new partnership agreement could be locked on 3 February 2000 positively. Two years of intensive consultations preceded the negotiations, which were led on the basis of a green book of the EK on broad basis. The signing originally planned on the Fiji islands took place on 23 June 2000 in Cotonou (Benin).
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