Relations between the EU and Liberia are based on the EU's partnership agreement with ACP countries – the Cotonou Agreement. Liberia has regular talks with the EU on a wide range of issues – regional, political, trade, development, governance, human rights etc.
EU development aid to Liberia is paid through the European Development Fund (EDF). In 2008-13, the country received €223.8m to rehabilitate its basic infrastructure/social services and improve governance. The aid was used in line with the approach set out in the EU strategy paper for Liberia . For 2014-2020, €279m will be used to support state building, education and energy.
The EU and Liberia have signed an agreement on fighting illegal timber exports from Liberia and improving sector governance.
As one of the world’s least developed countries (as defined by the UN), Liberia benefits from full duty and quota-free access to the EU market for all exports except arms/armaments under the EU's preferential access scheme, Everything But Arms.
Liberia is included in the regional Economic Partnership Agreement with West Africa (ECOWAS), currently being concluded by the EU. Negotiations with ECOWAS towards a comprehensive Economic Partnership Agreement (EPA) will bring Liberia guaranteed access to the EU market and help to promote regional trade between the countries of ECOWAS, meanwhile allowing Liberia to protect domestic production of strategic significance.
In 2013, Liberia's Voluntary Partnership Agreement with the EU – under the FLEGT forestry protection initiative – came into force. This aims to improve forest governance and ensure timber exports to Europe are legal and from a certified country of origin.