Explanatory Memorandum to COM(2014)495 - Signature and provisional application of the Agreement for scientific and technological cooperation with the Faroe Islands associating the Faroe Islands to Horizon 2020 - Main contents
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| dossier | COM(2014)495 - Signature and provisional application of the Agreement for scientific and technological cooperation with the Faroe Islands ... |
|---|---|
| source | COM(2014)495  |
| date | 29-07-2014 |
1. CONTEXT OF THE PROPOSAL
On 18 March 2014 the Council authorised the Commission to open negotiations, on behalf of the European Union, with the Faroe Islands in order to conclude an Agreement between the European Union and the Faroe Islands associating the Faroe Islands to Horizon 2020 - the Framework Programme for Research and Innovation (2014-2020).
The negotiations between both parties were completed and resulted in the attached draft agreement text which is in line with the negotiation directives issued by the Council.
The Commission proposes that the Council:
– decides on the signature and provisional application of the Agreement on behalf of the European Union.
2. LEGAL ELEMENTS OF THE PROPOSAL
The proposal for a Council decision is based on Articles 186 and 218(5) and 218(8) of the Treaty on the Functioning of the European Union.