Considerations on JOIN(2016)32 - Signing of the Agreement establishing the EU-LAC International Foundation - Main contents

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dossier	JOIN(2016)32 - Signing of the Agreement establishing the EU-LAC International Foundation.
document	JOIN(2016)32
date	October 10, 2016

table>(1)On 23 March 2012, the Council authorised the Commission to open negotiations for an international agreement between the European Union and its Member States and the Latin American and Caribbean countries on the creation of the EU-LAC Foundation as an international organisation.

(2)	Negotiations for the Agreement establishing the EU-LAC International Foundation (‘the Agreement’) were successfully concluded on 29 January 2015.

(3)	The Agreement will establish the EU-LAC Foundation as an international organisation with legal personality under public international law.

(4)	The Agreement should be signed on behalf of the Union, subject to its conclusion at a later date.

(5)	When acting in the framework of the EU-LAC Foundation, the Union and its Member States should coordinate their positions in accordance with the Treaties and with the principle of sincere cooperation,