ACP-EU Joint Parliament Assembly adopts resolutions
The ACP-EU Joint Parliament Assembly, meeting in Luanda from 30 November-3 December, adopted resolutions on global governance, reform of international institutions and on the impact of the financial crisis on ACP states. It also adopted the "Luanda Declaration" on the Second Revision of the ACP-EU Partnership Agreement. ACP-EU Co-President Louis Michel called for additional official development aid to help developing countries combat the food crisis and climate change.
Michel advocated seeking new sources of development policy funding, such as a tax on air fares, and backed the idea of a tax on financial transactions. Finally, this 18th ACP-EU JPA was an opportunity for the Commission to clarify the practical management and implementation details of the €500 million Vulnerability FLEX mechanism, which was adopted in August 2009 as a response to the economic crisis for the most affected ACP countries. Since then, the EC has approved a total of €215 million2 under the mechanism.
Link to http://www.europarl.europa.eu/intcoop/acp/60_18/default_en.htm
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