Press Release: Patten signs EUR 129m MEDA financing agreements

In Jordan, European Commissioner for External Relations, Chris Patten has signed Financing Agreements on four major initiatives totalling €129 million under the MEDA assistance programme. The MEDA assistance programme is the principal financial instrument of the EU for the implementation of the Euro-Mediterranean partnership. The main objectives of MEDA funded initiatives are to achieve economic transition and a better socio-economic balance. The Agreements signed in Jordan by Commissioner Patten will thus help bolster stability and assist the economic transition ushered in by the country's commitment to trade liberalisation.