EU - Algeria Association Agreement
Financial co-operation is based on the 1979 Co-operation Agreement between the EC and Algeria, which was followed up by four Financial Protocols, then by the Barcelona Declaration and the MEDA regulation.
Negotiations on an Association Agreement ended in December 2001, and the Agreement was initialled by the two parties on December 19. The main elements of the agreement are:
- Political dialogue and regular economic dialogue;
- Gradual establishment of free trade area, in line with WTO rules;
- Clauses on freedom of establishment, liberalisation of services, free movement of capital and the application of Community rules on competition;
- Clauses in the area of justice and home affairs;
- Strengthening economic co-operation;
- Setting up social and cultural co-operation;
- Financial co-operation;
- Setting up an Association Council and Association Committee with decision-taking powers.
Download the full text of the Association Agreement
Sources: EU
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Comments from Amnesty International concerning EU-Algeria Association Agreement |
