Today Cuba signed in Brussels the agreement that transforms the EU-LAC Foundation into an international organisation. This makes Cuba the 55th signatory of this agreement. The Foundation’s constitutive agreement would be the very first international agreement negotiated and signed by the 62 Members of the EU – LAC Strategic Partnership once the remaining 7 EU and Caribbean countries sign it.
Up to today 11 Members have ratified the agreement, namely: Belize, Ecuador, Estonia, Finland, Germany, Hungary, Latvia, Lithuania, Nicaragua, Spain and Sweden. The threshold for entry into force of the Agreement Establishing the EU-LAC International Foundation is eight ratifications from each region.
The EU-LAC Foundation has been operating with a transitory status under German civil law since November 2011, yet the swift ratification of the Agreement will allow it to be recognised as a genuine bi-regional organisation and be better equipped for the fulfillment of its ambitious mandate.