Speaking at the Latin America/European Union Conference on scientific and technological cooperation, held in Madrid on 27 October 1995, European Commissioner, Mrs Edith Cresson, stressed the importance of international scientific cooperation in the Community's research policy. Mrs. Cresson informed participants of the Commission's intention to propose measures to strengthen the already strong relations between the European Union and Latin America. More generally, the Commissioner stressed the need for Community research policy to place more emphasis on international scientific cooperation, which currently accounts for only ECU 540 million out of the ECU 12.3 billion allocated to the Fourth Framework Programme. Mrs. Cresson, however, underlined the need for the European Union's policy on international cooperation to concentrate more on the technologies of the future and on industrial development. Development aid on scientific cooperation currently concentrates primarily on the agricultural and health sectors and, out of ECU 230 million research credits made available to developing countries, only 20 million is destined for industrial research. In the Commissioner's view, economic expansion in Latin America would benefit considerably from more investment in research, education and innovation, spurring creativity, human resources development and the adaptation of information technologies to different languages and cultures.