Political, trade and cooperation relations between the EU and Guinea Bissau are based on the ACP‑EU Partnership Agreement ("Cotonou Agreement").
In reaction to the mutiny of 1 April 2010 and the subsequent appointment of its main instigators to high-ranking posts in the military. In January 2011, the EU put on hold part of its development cooperation and opened consultations with Guinea Bissau under Article 96 of the Cotonou Agreement In July 2011, the EU Council concluded the consultations, approving a scheme of mutual commitments. Humanitarian operations and projects directly benefitting the population were not discontinued
On 24 March 2015, the EU lifted the measures limiting its cooperation with Guinea-Bissau, following the holding of free and credible elections on 13 April and 18 May 2014, judged by all international observers, including the EU Electoral Observation Mission, as free and credible. This enables the EU to support the democratically elected authorities on their path towards the reconstruction and stabilisation of the country. On 25 March, the EU co-hosted with the UNDP and the Government of Guinea Bissau a successful International Conference in Brussels with a pledging of a total of €1.3 billion - including €160 million from the EU - on the basis of the priorities identified in the Government's Strategic and Operational Plan (2015-2020) « Terra Ranka ».
The programming of the 11th EDF national allocation - a total of €128m is ongoing.