A new association of the Overseas Countries and Territories (including Greenland) with the European Union [EU Legislation in Progress]

Written by Eric Pichon (1st edition),

Moorea and Tahiti Islands in South Pacific, French Polynesia

© Xavier MARCHANT / Fotolia

On 14 June 2018, in preparation for the new multiannual financial framework (2021 to 2027 MFF), the European Commission published a proposal for a Council decision on the Association of the Overseas Countries and Territories, including Greenland, with the European Union. For Greenland the main source of EU funding is currently the EU budget, while for the other overseas countries and territories, it is the European Development Fund, a financial instrument outside the EU budget. The proposed decision would bring together the funds for all EU overseas countries and territories under the EU budget, as part of new Heading 6 ‘Neighbourhood and the world’.


Stage: EESC

Figure 1 – Proposed distribution of budgetary allocations to OCTs

Proposed distribution of budgetary allocations to OCTs

Source Article from https://epthinktank.eu/2018/11/07/a-new-association-of-the-overseas-countries-and-territories-including-greenland-with-the-european-union-eu-legislation-in-progress/