Palau joined the African Caribbean Pacific group in 2000, since when it has received €6 million in financial assistance from the European Development Fund (EDF).
The EU's political dialogue with Palau focuses on:
The EU and Palau are discussing how to collaborate more closely in multilateral fora on these and other issues.
The Country Strategy Paper for 2008–13 provides for a budget of €2.9m.
The main focus areas for EU assistance and cooperation are:
Palau has signed all European Conventions on Human Rights, and is receiving EU support to ratify and implement them.
EU is ready to assist Palau to become eligible for Budget Support as a possible financing option.