The Association Agreement between the European Union and Central America, also known as the AA/EU-CA, is a comprehensive framework for cooperation in various fields such as trade, investment, development, and political dialogue. The text of this agreement is a significant document that outlines the terms and conditions of the partnership between the EU and Central America. In this article, we`ll take a closer look at the key features of the Association Agreement text and why it`s important.
Firstly, the Association Agreement text aims to establish a free trade area between the EU and Central America by removing tariffs and non-tariff barriers to trade in goods and services. The agreement also includes provisions to protect intellectual property rights and to promote sustainable development, including environmental protection and labor standards.
Another important aspect of the text is the commitment to enhance cooperation in the areas of education, science, and technology. The EU and Central America have agreed to facilitate the exchange of students, researchers, and professionals to strengthen the capacity of both regions in these fields.
Moreover, the Association Agreement text also includes provisions to promote good governance, respect for human rights, and the rule of law. This commitment to democratic values is a crucial aspect of the partnership between the EU and Central America.
The Association Agreement between the EU and Central America was signed in 2012 and entered into force in August 2013. Since then, it has contributed to increased trade and investment between the two regions, as well as to the strengthening of political dialogue and cooperation.
In conclusion, the Association Agreement text between the EU and Central America is an essential document that outlines the terms and conditions of the partnership between these two regions. It promotes free trade, sustainable development, cooperation in education and science, and democratic values. As such, it serves as a blueprint for a closer and more productive relationship between the EU and Central America.