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EU/MERCOSUR: Signing of Interregional Framework Cooperation Agreement

An Interregional Framework Cooperation Agreement between the European Union and the countries of the MERCOSUR common market (Argentina, Brazil, Paraguay and Uruguay) was signed on 15 December 1995, on the occasion of the Madrid European Council. The Madrid act will mark the bi...
An Interregional Framework Cooperation Agreement between the European Union and the countries of the MERCOSUR common market (Argentina, Brazil, Paraguay and Uruguay) was signed on 15 December 1995, on the occasion of the Madrid European Council. The Madrid act will mark the birth of the first agreement in the history of international relations between two customs unions.

The aim of the EU-MERCOSUR Interregional Framework Cooperation Agreement is to pave the way for the future establishment of an Interregional Association. It is therefore a provisional Agreement, open to future developments, which seeks to promote close relations between the two regional integration processes in the political, economic, commercial, industrial, scientific, technological, institutional and cultural fields.

Respect for human rights and democratic principles is the key element of the Agreement and it is at the root of both partners' domestic and foreign policies.

The Agreement covers the following fields:

- The institutionalization of a regular political dialogue at the highest level with meetings between Heads of State, between Ministers and between senior officials from both regions;

- Advanced trade cooperation with the aim of preparing future trade liberalization;

- Economic cooperation of mutual interest designed to facilitate and encourage the reciprocal presence of economic operators in those sectors which, by their nature or performance, allow a rational and efficient use of economies of scale, such as the transport, telecommunications or energy sectors or the Information Society;

- Cooperation in the regional integration field;

- More wide-ranging cooperation in areas such as the fight against drug abuse, culture, information and means of communication or training connected with integration and its social dimension (growth, competitiveness and employment).

A ministerial level "Cooperation Council" will be in charge of monitoring, managing and implementing the Agreement. This Council will be responsible for presenting recommendations for moving on to the Interregional Association stage. It will be assisted in its work by a Joint Committee, a Trade Sub-Committee and any sub-committees deemed necessary to attain the objectives of the Agreement.
DE FR

Related information

Countries (4)

  • Argentina, Brazil, Paraguay, Uruguay
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