EU adopts new measures for the developing countries

On the occasion of the conciliation committee with the European Parliament, the Council has amended certain EU financial instruments for developing countries. This decision modifies the EU's financing instrument for cooperation with industrialised and other high-income countries ("ICI plus").

This programme supports in particular the promotion of economic partnership and market access for European companies. In addition, it contributes to actions concerning public diplomacy and people to people links, for instance the "Erasmus mundus" programme.

The laws also set the modalities for supporting the adjustment of banana producers in ACP states to trade liberalisation, with an emphasis on vulnerable groups.

The decisions must still be formally adopted by the European Parliament before entering
into force.

Read the full press release of the Council of the European Union here