|Author (Corporate)||European External Action Service (EEAS)|
|Content Type||Key Source, Overview|
The relations between the European Union and the Dominican Republic are framed in the Contonou Agreement, and agreement which seeks to promote democracy, respect for human rights, the eradication of poverty and the advantageous integration of the African, Caribbean and Pacific Group of States (ACP) in the global economy. Dominican Republic is also part of the Community of Latin American and Caribbean States (CELAC)whitch signed an agreement with the European Union to form the EU-LAC Foundation.
In Economics Matters, as part of the Contonou Agreement, the EU has contributed to the advantageous integration of the Dominican Republic in the international economy, as well as in the development of economic and trade relations. Trade relations between the EU and the Dominican Republic have been consolidated in the last decade, partly due to the CARIFORUM-EU Economic Partnership Agreement.
EU cooperation with the Dominican Republic is governed by the National Indicative Programme, with an initial budget of EUR 72 million. The European Union intervened also in Dominican Republic through Humanitarian Aid such as in 2007 to fight against consequences of Tropical Strom Noel or in 2004 against Tropical Storm Jeanne. The European Union tried also to prevent consequences of Natural Disaster through the Disaster Preparadness Programme.
|Countries / Regions||Caribbean, Europe|