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Ecuador Ratifies the Agreement that Transforms the Foundation into an International Organisation

2018-01-22

Ecuador has deposited the ratification instrument of the agreement that transforms the EU-LAC Foundation into an international organisation, becoming the eleventh Member to ratify this agreement.

As the third country from the CELAC to ratify the agreement, Ecuador reiterates its commitment to strengthen the bi-regional relations, as well as the trust on the work of the EU-LAC Foundation to enhance the relations between the two regions.

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.