Common use of Principles and Objectives Clause in Contracts

Principles and Objectives. 1. The central objective of ACP-EC cooperation is poverty reduction and ultimately its eradication; sustainable development; and progressive integration of the ACP countries into the world economy. In this context, cooperation framework and orientations shall be tailored to the individual circumstances of each ACP country, shall promote local ownership of economic and social reforms and the integration of the private sector and civil society actors into the development process.

Appears in 4 contracts

Samples: Cotonou Agreement, Cotonou Agreement, Treaty Series 2003

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