The New Foreign Policy of the European Union and the Member Countries of the Andean Pact

• Main Author: Fernando Edgar Núñez Jiménez
• Format: Article
• Language: Spanish
• Published: Barcelona Centre for International Affairs (CIDOB) 1995-11-01
• Series: Revista CIDOB d'Afers Internacionals
• Online Access: http://www.cidob.org/es/content/download/6972/69687/file/31nunez.pdf

The present article can be placed within the context of an analysis of the Foreign Relations of the European Union and the Member Countries of the Cartagena Accord or Andean Pact.In the first half of the article an analysis is carried out of the legal framework within which the foreign relations of both the European Union and Andean Pact countries are developed together with some observations on the whole context of the new Agreement signed on the 15th April 1993. The evolutionary process in the realm of trade relations is a developed theme as well as the implications of the application of the Generalized System of Preferences as a principal mechanism of cooperation with the Andean region.Finally, this first half concludes presenting an exhaustive analysis of investment flows. The second part of the article consists of the study of development assistance as well as economic cooperation. As far as development assistance goes, we can observe in detail what such action together with its restructuring has meant for the Developing Countries. As for economic cooperation, we can confirm that these mechanisms have not achieved those previously-established objectives, and have led to reiterated complaints on behalf of the countries of the Andean region. Finally, the article concludes with the presentation of final observations and offers three reasons which call for the strengthening of ties in the context of relations between the European Union and those signatories of the Cartagena Agreement.