A Partnership and Cooperation Agreement between the Member States of the European Union and the Republic of Belarus was signed on 6 March 1995. The Partnership and Cooperation Agreement will govern political, economic and trade relations between the parties and lays the basis for cooperation in the social, financial, scientific, technological and cultural fields. It will replace the Agreement signed with the former Soviet Union in 1989. It is concluded for an initial period of ten years. In the field of economic cooperation, the areas covered are: industrial cooperation, investment promotion and protection, public procurement, standards and conformity assessment, mining and raw materials, scientific and technological cooperation, education and training, agriculture and the agro-industrial sector, energy, the environment, transport, postal services and telecommunications, financial services, monetary policy, money laundering, regional development, social cooperation, tourism, SMEs, information and communication, consumer protection, customs, statistical cooperation, economics, the fight against drugs and illegal trafficking in nuclear materials. Belarus will receive assistance under the TACIS programme to accelerate its economic transformation.