EU strategy for the Caribbean
Europe has strong historic ties with the Caribbean region. The EU and the Caribbean share a long history and a broad base of common values. Through its overseas regions, countries and territories, the EU is also physically part of the Caribbean.
Both regions share a commitment to global peace, progress and prosperity as well as to democracy and the rule of law. For the Caribbean, the EU has been and remains a reliable development partner, whose support has been important in the region's efforts towards sustainable development.
16 Caribbean countries are members of the African, Caribbean and Pacific Group of States and CARIFORUM. With one exception, they have also signed the Cotonou partnership agreement with the EU. The main instrument for the EU-Caribbean cooperation is therefore the European Development Fund (EDF).
The 10th EDF Regional Indicative Plan, under which 160 million euros were allocated for the EU-Caribbean Cooperation, covered the period 2007-2013. In 2012 a Joint Caribbean-EU Partnership Strategy (2012) has been signed between CARIFORUM and the EU representing the overarching framework for the new Regional Indicative Programme for the 2014-2020 period, under which an allocation of 356 million euros has been envisaged. The programme will make it possible to strengthen cooperation in fundamental sectors, including regional economic integration, energy, environment, climate change and crime and security.
The EU-CARIFORUM relations are also marked by the Economic and Partnership Agreement (signed in 2008). The implementation of the EPA has been a fundamental focus for EU-Caribbean cooperation in the last few years.
In total the EU allocation for the entire Caribbean regional (comprising both national and regional programmes) under the EDF was approximately 938 million euros in the 2008-2013 period and will be approximately 1 billion in the 2014-2020 period.