This Regulation lays down the framework within which the European Community shall cooperate with the Asian and Latin American developing countries that are not signatories to the Lomé Convention. This cooperation (which shall be in addition to assistance from the Member States), shall involve financial and technical development assistance as well as economic cooperation. The recipients of aid shall include not only States and regions, but also decentralized authorities, regional organizations, public agencies, local or traditional communities, private institutes and operators, cooperatives and non-governmental organizations (art. 3). Priority shall be given to developing the rural sector and improving the level of food security. Particular attention shall be paid to the protection of the environment and natural resources, as well as sustainable development (art. 5).
1992-02-25