EU–LAC Foundation is Recognized as an International Organization
Ministers of Foreign Affairs of the EU and CELAC sign an act officially recognising EU-LAC Foundation as an international organizationNovember 11th, 2016
The ministers of foreign affairs of the European Union (EU) and the Community of Latin-American and Caribbean States (CELAC) came together in Santo Domingo, capital of the Dominican Republic, to sign an act giving the European Union - Latin-America and Caribbean Foundation (EU-LAC) the official title of an international organization.
The EU-LAC Foundation was created as a result of the initiative of the VI Summit of Heads of State and Government in May 2010, but it formally began operating in November 2011. Its headquarters are located in Hamburg and it is composed of 33 states from Latin America and the Caribbean and 28 states from the European Union, giving a total of 62 members.
The foundation aims to transform and adapt the strategic partnership between the European Union, Latin America and the Caribbean into a strengthened reality in which these societies can actively cooperate.
Furthermore, its mission is to connect the intergovernmental process with business and academia. It also wants to connect education and the social sector with civil society in the regions and to promote the development of shared strategies with both regions.
Moreover, the goal is to dynamize the bi-regional strategic partnership by formulating and implementing policies and agendas, and to circulate knowledge to raise mutual understanding and increase the visibility of both regions. To achieve these goals, it also promotes seminars, conferences and publications alongside events related to these countries.
The ceremony took place in Santo Domingo, with the participation of Federica Mogherini, High Representative of the EU, Miguel Vargas, Minister of Foreign Affairs of Santo Domingo, and Leonel Fernández, president of the EU-LAC Foundation.
As Paula Amadei, Executive Director of the foundation, said, this status will allow the foundation to remove some obstacles from their work. For example, some of their member states cannot make direct contributions to a third country other than an international or regional organization. It will also allow them to reduce costs, which are usually required for German foundations, but not for international organizations.