Common use of Outermost Regions Clause in Contracts

Outermost Regions. As part of the EU and its customs territory, the outermost regions are fully covered by the commitments taken by and towards the EC Party, promoting increased openness between the EU outermost regions and the CARIFORUM countries both in goods and services as well as investment. The Agreement includes a specific article on the outermost regions aimed at fostering links with CARIFORUM countries by facilitating cooperation in all areas covered by the Agreement, such as innovation. To take account of the special geographical and socioeconomic situation of the outermost regions, specific safeguards are foreseen. The outermost regions are the French overseas departments and the Spanish and Portuguese Islands of the Canaries, the Azores and Madeira.