Finland is the fourth EU Member State to ratify the agreement that transforms the EU-LAC Foundation into an international organisation, after Sweden, Latvia and Hungary and the fifth overall.
Finland is determined to strengthening its relations with Latin America and the Caribbean, and which is materialising with a number of commitments in the region such as the signature of bilateral agreements as well as the expansion of diplomatic representations across the region, and the swift ratification of the EU-LAC Foundation’s constitutive agreement.
The threshold for entry into force of the Agreement 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 fulfilment of its ambitious mandate.
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